John B. Adams, Jr. Sells 3,000 Shares of Universal Corp (UVV) Stock

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Universal Corp (NYSE:UVV) Director John B. Adams, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $67.29, for a total value of $201,870.00. Following the transaction, the director now directly owns 13,805 shares in the company, valued at $928,938.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

UVV stock opened at $68.98 on Wednesday. The company has a current ratio of 5.26, a quick ratio of 1.90 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.69 billion, a P/E ratio of 16.59 and a beta of 0.99. Universal Corp has a 1-year low of $45.95 and a 1-year high of $71.60.

Universal (NYSE:UVV) last posted its earnings results on Tuesday, August 7th. The company reported $0.25 earnings per share for the quarter. The business had revenue of $379.72 million for the quarter. Universal had a return on equity of 7.63% and a net margin of 5.41%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Tuesday, October 9th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Friday, October 5th.

Several hedge funds have recently bought and sold shares of UVV. FMR LLC increased its holdings in shares of Universal by 16.8% during the 2nd quarter. FMR LLC now owns 1,712,505 shares of the company’s stock worth $113,111,000 after acquiring an additional 246,060 shares during the last quarter. Royce & Associates LP acquired a new position in Universal in the 2nd quarter valued at $10,614,000. WBI Investments Inc. acquired a new position in Universal in the 2nd quarter valued at $7,859,000. Renaissance Technologies LLC grew its holdings in Universal by 36.5% in the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the company’s stock valued at $19,346,000 after buying an additional 78,300 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Universal by 42.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 264,254 shares of the company’s stock valued at $17,456,000 after buying an additional 78,186 shares in the last quarter. 85.84% of the stock is currently owned by institutional investors and hedge funds.

Universal Company Profile

Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

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