Universal Corp (NYSE:UVV) Shares Acquired by Cubist Systematic Strategies LLC

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Cubist Systematic Strategies LLC grew its holdings in Universal Corp (NYSE:UVV) by 41.2% during the 2nd quarter, Holdings Channel reports. The firm owned 5,786 shares of the company’s stock after buying an additional 1,688 shares during the period. Cubist Systematic Strategies LLC’s holdings in Universal were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Aperio Group LLC boosted its position in Universal by 6.9% during the second quarter. Aperio Group LLC now owns 25,331 shares of the company’s stock worth $1,539,000 after acquiring an additional 1,641 shares during the last quarter. Brand Asset Management Group Inc. acquired a new stake in Universal during the second quarter worth approximately $34,000. Prudential Financial Inc. boosted its position in Universal by 10.0% during the second quarter. Prudential Financial Inc. now owns 120,002 shares of the company’s stock worth $7,292,000 after acquiring an additional 10,949 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in Universal during the second quarter worth approximately $1,091,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Universal during the second quarter worth approximately $318,000. Institutional investors and hedge funds own 85.57% of the company’s stock.

Separately, TheStreet downgraded shares of Universal from a “b+” rating to a “c+” rating in a research note on Thursday, August 8th.

NYSE:UVV opened at $53.22 on Friday. The company has a quick ratio of 2.15, a current ratio of 5.51 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.33 billion, a P/E ratio of 12.01 and a beta of 0.73. Universal Corp has a fifty-two week low of $49.07 and a fifty-two week high of $76.98. The firm’s 50 day moving average is $53.24 and its two-hundred day moving average is $55.96.

Universal (NYSE:UVV) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter. The business had revenue of $296.92 million for the quarter. Universal had a net margin of 4.34% and a return on equity of 8.12%.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 7th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Friday, October 4th.

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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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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