Global X MANAGEMENT CO LLC Purchases 2,356 Shares of Universal Corporation (UVV)
Global X MANAGEMENT CO LLC increased its position in Universal Corporation (NYSE:UVV) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,804 shares of the company’s stock after buying an additional 2,356 shares during the quarter. Global X MANAGEMENT CO LLC owned 0.48% of Universal Corporation worth $6,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in UVV. Hartford Investment Management Co. acquired a new position in shares of Universal Corporation in the second quarter valued at approximately $232,000. Bowling Portfolio Management LLC acquired a new stake in Universal Corporation during the 2nd quarter valued at approximately $1,504,000. Great West Life Assurance Co. Can increased its position in Universal Corporation by 2.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 36,461 shares of the company’s stock valued at $2,359,000 after purchasing an additional 750 shares during the period. Bessemer Group Inc. increased its position in Universal Corporation by 9.1% during the 2nd quarter. Bessemer Group Inc. now owns 32,300 shares of the company’s stock valued at $2,090,000 after purchasing an additional 2,700 shares during the period. Finally, Benedict Financial Advisors Inc. increased its position in Universal Corporation by 4.6% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 18,212 shares of the company’s stock valued at $1,170,000 after purchasing an additional 798 shares during the period. 89.34% of the stock is owned by institutional investors.
In related news, Director John B. Adams, Jr. sold 611 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $58.45, for a total value of $35,712.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James A. Huffman sold 3,107 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $58.35, for a total value of $181,293.45. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
Universal Corporation (NYSE UVV) traded up $1.70 during trading on Monday, hitting $56.70. The company’s stock had a trading volume of 426,300 shares, compared to its average volume of 254,705. The company has a market cap of $1,423.98, a PE ratio of 13.01 and a beta of 1.42. Universal Corporation has a 52-week low of $52.35 and a 52-week high of $83.35. 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 Corporation (NYSE:UVV) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share (EPS) for the quarter. The firm had revenue of $488.25 million for the quarter. Universal Corporation had a return on equity of 14.16% and a net margin of 5.56%.
Universal Corporation declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 7th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Monday, January 8th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.88%. This is a boost from Universal Corporation’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, January 5th. Universal Corporation’s dividend payout ratio is presently 150.00%.
Separately, BidaskClub raised shares of Universal Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th.
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Universal Corporation 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.
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