Universal (NYSE:UVV) Stock Price Down 4.3%

Universal Co. (NYSE:UVV – Get Rating)’s stock price dropped 4.3% on Thursday . The stock traded as low as $59.73 and last traded at $60.00. Approximately 2,851 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 97,974 shares. The stock had previously closed at $62.67.

Separately, StockNews.com initiated coverage on shares of Universal in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

The firm has a market cap of $1.47 billion, a P/E ratio of 14.82 and a beta of 0.64. The firm’s fifty day moving average is $58.20 and its two-hundred day moving average is $54.68. The company has a quick ratio of 1.33, a current ratio of 3.19 and a debt-to-equity ratio of 0.38.

A number of large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in Universal by 55.1% during the fourth quarter. Versant Capital Management Inc now owns 859 shares of the company’s stock valued at $47,000 after buying an additional 305 shares during the period. PSI Advisors LLC purchased a new position in Universal during the third quarter valued at $48,000. Patriot Financial Group Insurance Agency LLC lifted its position in Universal by 4,176.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,069 shares of the company’s stock valued at $52,000 after buying an additional 1,044 shares during the period. Meeder Asset Management Inc. purchased a new position in Universal during the first quarter valued at $68,000. Finally, PNC Financial Services Group Inc. lifted its position in Universal by 18.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,475 shares of the company’s stock valued at $85,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

About Universal (NYSE:UVV)

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 procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

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