Universal (NYSE:UVV) Share Price Passes Below 200 Day Moving Average of $53.36

Shares of Universal Co. (NYSE:UVV) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $53.36 and traded as low as $47.50. Universal shares last traded at $48.19, with a volume of 257,911 shares traded.

Universal Price Performance

The company has a market capitalization of $1.18 billion, a P/E ratio of 10.10 and a beta of 0.81. The business’s 50-day simple moving average is $49.75 and its 200 day simple moving average is $53.36. The company has a current ratio of 2.96, a quick ratio of 1.18 and a debt-to-equity ratio of 0.42.

Universal (NYSE:UVV) last released its quarterly earnings results on Wednesday, May 22nd. The company reported $1.79 EPS for the quarter. Universal had a net margin of 4.35% and a return on equity of 8.81%. The company had revenue of $770.86 million for the quarter.

Universal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 8th will be issued a $0.81 dividend. This is an increase from Universal’s previous quarterly dividend of $0.80. This represents a $3.24 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date of this dividend is Monday, July 8th. Universal’s payout ratio is presently 67.09%.

Institutional Trading of Universal

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in shares of Universal by 242.0% in the 4th quarter. Quadrant Capital Group LLC now owns 383 shares of the company’s stock worth $26,000 after purchasing an additional 271 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Universal in the 4th quarter worth approximately $31,000. CWM LLC raised its holdings in shares of Universal by 71.9% in the 4th quarter. CWM LLC now owns 655 shares of the company’s stock worth $44,000 after purchasing an additional 274 shares in the last quarter. Gladius Capital Management LP raised its holdings in shares of Universal by 57.5% during the third quarter. Gladius Capital Management LP now owns 712 shares of the company’s stock valued at $34,000 after acquiring an additional 260 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Universal by 81.3% during the fourth quarter. Blue Trust Inc. now owns 725 shares of the company’s stock valued at $49,000 after acquiring an additional 325 shares during the period. 81.00% of the stock is currently owned by institutional investors.

About Universal

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.