Universal Corp (NYSE:UVV) Short Interest Down 16.5% in June

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Universal Corp (NYSE:UVV) saw a significant drop in short interest in June. As of June 30th, there was short interest totalling 451,000 shares, a drop of 16.5% from the May 30th total of 540,000 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 175,100 shares, the days-to-cover ratio is presently 2.6 days.

Shares of UVV stock opened at $60.52 on Friday. The stock has a 50-day moving average price of $59.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.50 and a current ratio of 6.26. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.51 and a beta of 0.72. Universal has a 12 month low of $50.67 and a 12 month high of $76.98.

Universal (NYSE:UVV) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $1.26 EPS for the quarter. The firm had revenue of $671.72 million during the quarter. Universal had a return on equity of 8.21% and a net margin of 4.68%.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 8th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 5.02%. This is a positive change from Universal’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, July 5th.

In related news, VP Preston Douglas Wigner sold 2,500 shares of Universal stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $56.25, for a total value of $140,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James A. Huffman sold 1,862 shares of Universal stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $57.10, for a total value of $106,320.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,107 shares of company stock valued at $352,518. 2.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in Universal by 65.4% in the first quarter. BNP Paribas Arbitrage SA now owns 7,685 shares of the company’s stock worth $443,000 after purchasing an additional 3,040 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Universal by 1,266.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,548 shares of the company’s stock worth $3,317,000 after purchasing an additional 53,336 shares during the period. HRT Financial LLC acquired a new stake in Universal in the fourth quarter worth about $406,000. Barclays PLC increased its position in Universal by 369.2% in the fourth quarter. Barclays PLC now owns 134,129 shares of the company’s stock worth $7,264,000 after purchasing an additional 105,544 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in Universal by 24.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 50,428 shares of the company’s stock worth $2,730,000 after purchasing an additional 9,920 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

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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