Universal Corporation (NYSE:UVV) Stock Rating Upgraded by BidaskClub

Universal Corporation (NYSE:UVV) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Monday.

Separately, TheStreet cut Universal Corporation from an “a” rating to a “c+” rating in a report on Tuesday, May 23rd.

Shares of Universal Corporation (UVV) traded up 1.84% during mid-day trading on Monday, reaching $58.10. The company’s stock had a trading volume of 404,122 shares. Universal Corporation has a 12-month low of $52.40 and a 12-month high of $83.35. The stock has a market capitalization of $1.47 billion, a P/E ratio of 42.35 and a beta of 1.41. The company’s 50-day moving average price is $62.79 and its 200-day moving average price is $68.02.

Universal Corporation (NYSE:UVV) last announced its earnings results on Thursday, August 3rd. The company reported $0.14 EPS for the quarter. The firm had revenue of $284.62 million during the quarter. Universal Corporation had a return on equity of 14.36% and a net margin of 5.60%. On average, equities research analysts forecast that Universal Corporation will post $3.70 earnings per share for the current fiscal year.

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In related news, CFO David C. Moore sold 6,335 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $66.61, for a total transaction of $421,974.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Preston Douglas Wigner sold 1,000 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $65.75, for a total value of $65,750.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in Universal Corporation by 5.0% in the second quarter. Legal & General Group Plc now owns 66,878 shares of the company’s stock worth $4,323,000 after buying an additional 3,214 shares during the last quarter. SG Americas Securities LLC boosted its position in Universal Corporation by 107.7% in the second quarter. SG Americas Securities LLC now owns 6,608 shares of the company’s stock worth $428,000 after buying an additional 3,427 shares during the last quarter. Rhumbline Advisers boosted its position in Universal Corporation by 3.4% in the second quarter. Rhumbline Advisers now owns 46,776 shares of the company’s stock worth $3,026,000 after buying an additional 1,539 shares during the last quarter. Boston Partners boosted its position in Universal Corporation by 2.3% in the second quarter. Boston Partners now owns 412,865 shares of the company’s stock worth $26,712,000 after buying an additional 9,218 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Universal Corporation by 9.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 245,758 shares of the company’s stock worth $15,901,000 after buying an additional 20,760 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

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.