Universal (NYSE:UVV) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Universal Corporation (NYSE:UVV) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $53.30 and traded as high as $54.23. Universal shares last traded at $53.6880, with a volume of 111,251 shares.

Analyst Ratings Changes

Several brokerages have issued reports on UVV. Weiss Ratings raised Universal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Zacks Research upgraded shares of Universal from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen lowered shares of Universal from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Universal Trading Down 0.1%

The business has a fifty day moving average price of $52.79 and a 200-day moving average price of $53.30. The company has a quick ratio of 1.30, a current ratio of 2.91 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.34 billion, a P/E ratio of 15.84, a PEG ratio of 3.05 and a beta of 0.61.

Universal (NYSE:UVV) last announced its earnings results on Monday, February 9th. The company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.57). The firm had revenue of $861.29 million for the quarter, compared to the consensus estimate of $927.20 million. Universal had a return on equity of 6.49% and a net margin of 2.93%. On average, analysts forecast that Universal Corporation will post 4.17 earnings per share for the current year.

Institutional Investors Weigh In On Universal

A number of institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its position in Universal by 75.2% during the fourth quarter. Farther Finance Advisors LLC now owns 466 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Bessemer Group Inc. raised its stake in Universal by 67.1% in the 1st quarter. Bessemer Group Inc. now owns 518 shares of the company’s stock worth $27,000 after purchasing an additional 208 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in Universal by 1,634.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 555 shares of the company’s stock valued at $29,000 after purchasing an additional 523 shares during the period. Ankerstar Wealth LLC bought a new stake in Universal in the 4th quarter valued at about $37,000. Finally, EverSource Wealth Advisors LLC grew 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 worth $42,000 after purchasing an additional 522 shares in the last quarter. Institutional investors own 81.00% of the company’s stock.

Universal Company Profile

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.