Universal (NYSE:UVV) Downgraded to "Hold" Rating by Wall Street Zen

Universal (NYSE:UVV - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Universal Stock Performance

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Shares of UVV stock opened at $65.34 on Friday. Universal has a 12 month low of $45.19 and a 12 month high of $67.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96. The firm has a market capitalization of $1.61 billion, a P/E ratio of 13.44 and a beta of 0.71. The company's fifty day moving average price is $56.13 and its two-hundred day moving average price is $54.78.

Universal (NYSE:UVV - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.80 earnings per share (EPS) for the quarter. The business had revenue of $702.28 million for the quarter. Universal had a net margin of 4.31% and a return on equity of 8.92%.

Institutional Inflows and Outflows

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A number of hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in Universal by 828.9% in the 4th quarter. Sterling Capital Management LLC now owns 771 shares of the company's stock worth $42,000 after purchasing an additional 688 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Universal in the 4th quarter worth about $56,000. GAMMA Investing LLC increased its stake in Universal by 38.6% in the 1st quarter. GAMMA Investing LLC now owns 1,149 shares of the company's stock worth $64,000 after purchasing an additional 320 shares in the last quarter. US Bancorp DE increased its position in shares of Universal by 325.7% in the fourth quarter. US Bancorp DE now owns 1,758 shares of the company's stock worth $96,000 after acquiring an additional 1,345 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Universal in the fourth quarter worth approximately $111,000. 81.00% of the stock is owned by institutional investors and hedge funds.

Universal Company Profile

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.

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