Universal Corporation (NYSE:UVV) Director Robert C. Sledd sold 1,755 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $55.26, for a total value of $96,981.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Universal Corporation (NYSE UVV) traded up $0.50 during mid-day trading on Tuesday, reaching $55.80. The company had a trading volume of 242,501 shares, compared to its average volume of 253,608. Universal Corporation has a 1-year low of $52.05 and a 1-year high of $83.35. The company has a market cap of $1,337.34, a price-to-earnings ratio of 12.21 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.60 and a quick ratio of 2.18.

Universal (NYSE:UVV) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.02 earnings per share (EPS) for the quarter. The business had revenue of $488.25 million during the quarter. Universal had a return on equity of 14.16% and a net margin of 5.56%.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Monday, January 8th will be paid a dividend of $0.55 per share. This is a positive change from Universal’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Friday, January 5th. Universal’s dividend payout ratio (DPR) is presently 150.00%.

Universal declared that its Board of Directors has initiated a share repurchase plan on Tuesday, November 7th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Separately, BidaskClub raised Universal from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Universal by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,600,334 shares of the company’s stock valued at $232,942,000 after purchasing an additional 95,469 shares in the last quarter. BlackRock Inc. boosted its stake in Universal by 3.3% during the 2nd quarter. BlackRock Inc. now owns 3,244,363 shares of the company’s stock valued at $209,910,000 after purchasing an additional 104,494 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Universal by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,131,728 shares of the company’s stock valued at $137,922,000 after purchasing an additional 98,848 shares in the last quarter. Northern Trust Corp boosted its stake in Universal by 9.0% during the 2nd quarter. Northern Trust Corp now owns 829,793 shares of the company’s stock valued at $53,688,000 after purchasing an additional 68,629 shares in the last quarter. Finally, State Street Corp boosted its stake in Universal by 6.2% during the 2nd quarter. State Street Corp now owns 635,973 shares of the company’s stock valued at $41,146,000 after purchasing an additional 37,288 shares in the last quarter. 86.56% of the stock is owned by hedge funds and other institutional investors.

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Universal Company Profile

Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.

Insider Buying and Selling by Quarter for Universal (NYSE:UVV)

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