Foundations Investment Advisors LLC Acquires 15,080 Shares of Universal Corporation $UVV

Foundations Investment Advisors LLC lifted its holdings in shares of Universal Corporation (NYSE:UVVFree Report) by 228.4% during the 4th quarter, Holdings Channel reports. The firm owned 21,682 shares of the company’s stock after purchasing an additional 15,080 shares during the period. Foundations Investment Advisors LLC’s holdings in Universal were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Universal by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 624,381 shares of the company’s stock worth $32,943,000 after purchasing an additional 5,844 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Universal by 7.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,114 shares of the company’s stock worth $164,000 after purchasing an additional 227 shares during the period. Larson Financial Group LLC increased its holdings in shares of Universal by 2,526.9% during the fourth quarter. Larson Financial Group LLC now owns 4,098 shares of the company’s stock worth $216,000 after purchasing an additional 3,942 shares during the period. ProShare Advisors LLC increased its holdings in shares of Universal by 1.3% during the fourth quarter. ProShare Advisors LLC now owns 119,285 shares of the company’s stock worth $6,292,000 after purchasing an additional 1,493 shares during the period. Finally, Horizon Investments LLC increased its holdings in shares of Universal by 10.9% during the fourth quarter. Horizon Investments LLC now owns 11,533 shares of the company’s stock worth $599,000 after purchasing an additional 1,137 shares during the period. 81.00% of the stock is owned by institutional investors.

More Universal News

Here are the key news stories impacting Universal this week:

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UVV shares. Wall Street Zen cut shares of Universal from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research raised shares of Universal from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings cut shares of Universal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on Universal

Universal Stock Performance

Shares of NYSE:UVV opened at $51.77 on Monday. The company’s 50 day simple moving average is $53.07 and its 200 day simple moving average is $53.48. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.91 and a quick ratio of 1.30. Universal Corporation has a 1 year low of $49.19 and a 1 year high of $67.33.

Universal (NYSE:UVVGet Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($1.54). The firm had revenue of $715.24 million during the quarter, compared to the consensus estimate of $728.20 million. Universal had a net margin of 1.12% and a return on equity of 4.39%. As a group, research analysts predict that Universal Corporation will post 4.4 EPS for the current fiscal year.

Universal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 6.4%. This is a positive change from Universal’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, July 13th. Universal’s payout ratio is 254.26%.

Universal Profile

(Free Report)

Universal Corporation (NYSE: UVV) is a global agribusiness company primarily engaged in the procurement, processing and sale of leaf tobacco. Headquartered in Richmond, Virginia, the company sources cured leaf tobacco from key growing regions in North and South America, Africa and Asia. Universal serves major multinational tobacco manufacturers by providing a full range of services including inventory management, quality control and logistics support to ensure a consistent and reliable supply of tobacco leaf.

In addition to its core leaf tobacco operations, Universal offers integrated supply-chain services that encompass warehousing, distribution and ingredient sourcing for smokeless and novel tobacco products.

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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