Intech Investment Management LLC Increases Stock Holdings in Universal Corporation $UVV

Intech Investment Management LLC increased its holdings in shares of Universal Corporation (NYSE:UVVFree Report) by 21.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,674 shares of the company’s stock after buying an additional 18,106 shares during the period. Intech Investment Management LLC owned about 0.41% of Universal worth $5,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of Universal by 75.2% during the 4th quarter. Farther Finance Advisors LLC now owns 466 shares of the company’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Universal by 265.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 719 shares of the company’s stock valued at $42,000 after buying an additional 522 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Universal during the 3rd quarter valued at approximately $63,000. GAMMA Investing LLC lifted its position in shares of Universal by 16.9% during the 4th quarter. GAMMA Investing LLC now owns 1,357 shares of the company’s stock valued at $72,000 after buying an additional 196 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in shares of Universal during the 3rd quarter valued at approximately $89,000. Hedge funds and other institutional investors own 81.00% of the company’s stock.

Universal News Summary

Here are the key news stories impacting Universal this week:

Universal Stock Down 0.2%

NYSE UVV opened at $51.77 on Monday. The business has a fifty day moving average price of $53.07 and a 200 day moving average price of $53.48. Universal Corporation has a one year low of $49.19 and a one year high of $67.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.30 and a current ratio of 2.91. The company has a market cap of $1.29 billion, a P/E ratio of 40.13, a P/E/G ratio of 2.95 and a beta of 0.59.

Universal (NYSE:UVVGet Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of $1.08 by ($1.54). Universal had a net margin of 1.12% and a return on equity of 4.39%. The firm had revenue of $715.24 million during the quarter, compared to analyst estimates of $728.20 million. Research analysts anticipate 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. The ex-dividend date of this dividend is Monday, July 13th. This represents a $3.32 annualized dividend and a yield of 6.4%. This is an increase from Universal’s previous quarterly dividend of $0.82. Universal’s dividend payout ratio is currently 254.26%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UVV. Zacks Research upgraded Universal from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings lowered Universal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered Universal from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Get Our Latest Stock Analysis on Universal

About Universal

(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.

Further Reading

Institutional Ownership by Quarter for Universal (NYSE:UVV)

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