Bessemer Group Inc. Has $2.09 Million Position in Universal Corporation (NYSE:UVV)
Bessemer Group Inc. raised its stake in shares of Universal Corporation (NYSE:UVV) by 9.1% during the second quarter, Holdings Channel reports. The fund owned 32,300 shares of the company’s stock after buying an additional 2,700 shares during the period. Bessemer Group Inc.’s holdings in Universal Corporation were worth $2,090,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in UVV. Hartford Investment Management Co. acquired a new position in Universal Corporation during the second quarter valued at approximately $232,000. Bowling Portfolio Management LLC acquired a new position in Universal Corporation during the second quarter valued at approximately $1,504,000. Finally, Great West Life Assurance Co. Can raised its position in Universal Corporation by 2.1% in the second quarter. Great West Life Assurance Co. Can now owns 36,461 shares of the company’s stock valued at $2,359,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock.
Universal Corporation (NYSE:UVV) opened at 56.80 on Friday. Universal Corporation has a 1-year low of $52.40 and a 1-year high of $83.35. The company has a 50-day moving average price of $63.22 and a 200 day moving average price of $68.40. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 41.40 and a beta of 1.41.
Universal Corporation (NYSE:UVV) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.14 earnings per share for the quarter. The company had revenue of $284.62 million for the quarter. Universal Corporation had a return on equity of 14.36% and a net margin of 5.60%. Equities analysts anticipate that Universal Corporation will post $3.70 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Friday, October 6th. Universal Corporation’s payout ratio is 163.64%.
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UVV has been the subject of several analyst reports. TheStreet lowered Universal Corporation from an “a” rating to a “c+” rating in a research note on Tuesday, May 23rd. BidaskClub lowered Universal Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd.
In other Universal Corporation news, CFO David C. Moore sold 6,335 shares of Universal Corporation stock in a transaction that occurred 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 filing with the SEC, which can be accessed through this hyperlink. Also, VP Preston Douglas Wigner sold 1,000 shares of Universal Corporation stock in a transaction that occurred 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.
About Universal Corporation
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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