Universal (NYSE:UVV) Stock Rating Lowered by TheStreet

Universal (NYSE:UVVGet Rating) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research report issued on Wednesday, TheStreetRatingsTable reports.

Universal Price Performance

Shares of NYSE UVV opened at $48.96 on Wednesday. Universal has a fifty-two week low of $46.24 and a fifty-two week high of $64.13. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 14.07 and a beta of 0.59. The business has a 50-day moving average of $52.35 and a 200-day moving average of $56.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.61 and a quick ratio of 0.88.

Universal (NYSE:UVVGet Rating) last issued its earnings results on Wednesday, August 3rd. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $429.82 million during the quarter. Universal had a net margin of 3.99% and a return on equity of 6.85%.

Insider Transactions at Universal

In other Universal news, Director Lennart R. Freeman sold 1,402 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $51.54, for a total value of $72,259.08. Following the completion of the sale, the director now directly owns 14,320 shares of the company’s stock, valued at approximately $738,052.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Universal

Institutional investors have recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Universal in the 2nd quarter worth about $813,000. Legal & General Group Plc raised its stake in Universal by 2.4% during the second quarter. Legal & General Group Plc now owns 71,732 shares of the company’s stock valued at $4,340,000 after purchasing an additional 1,676 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Universal by 20.7% in the second quarter. Thrivent Financial for Lutherans now owns 24,176 shares of the company’s stock worth $1,463,000 after purchasing an additional 4,143 shares during the last quarter. Creative Planning purchased a new stake in Universal in the second quarter worth about $203,000. Finally, State Street Corp raised its position in shares of Universal by 8.2% in the 2nd quarter. State Street Corp now owns 1,514,372 shares of the company’s stock valued at $91,620,000 after purchasing an additional 114,160 shares during the last quarter. Institutional investors own 82.08% of the company’s stock.

Universal Company Profile

(Get Rating)

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

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