Exchange Traded Concepts LLC Purchases 21,462 Shares of Universal Corporation $UVV

Exchange Traded Concepts LLC lifted its holdings in Universal Corporation (NYSE:UVV) by 142.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,477 shares of the company’s stock after purchasing an additional 21,462 shares during the period. Exchange Traded Concepts LLC owned 0.15% of Universal worth $2,038,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in UVV. Byrne Asset Management LLC acquired a new stake in Universal in the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Universal by 265.0% in the second quarter. EverSource Wealth Advisors LLC now owns 719 shares of the company’s stock valued at $42,000 after acquiring an additional 522 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Universal in the second quarter worth $44,000. Hantz Financial Services Inc. increased its position in Universal by 63.2% during the second quarter. Hantz Financial Services Inc. now owns 1,343 shares of the company’s stock worth $78,000 after acquiring an additional 520 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Universal by 109.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,308 shares of the company’s stock valued at $134,000 after purchasing an additional 1,207 shares during the last quarter. Institutional investors and hedge funds own 81.00% of the company’s stock.

Universal Price Performance

Shares of Universal stock opened at $53.24 on Friday. The firm has a market cap of $1.33 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 2.81 and a beta of 0.68. The firm’s 50-day simple moving average is $52.88 and its 200-day simple moving average is $54.84. Universal Corporation has a twelve month low of $49.40 and a twelve month high of $67.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 2.70.

Universal (NYSE:UVV) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. Universal had a return on equity of 8.24% and a net margin of 3.74%.The company had revenue of $754.18 million for the quarter, compared to the consensus estimate of $704.30 million.

Universal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Monday, January 12th. Universal’s dividend payout ratio is 73.87%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UVV shares. Zacks Research upgraded shares of Universal from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Universal in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Universal presently has a consensus rating of “Strong Buy”.

Universal 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.