Nisa Investment Advisors LLC Sells 19,831 Shares of Universal Corporation $UVV

Nisa Investment Advisors LLC decreased its position in Universal Corporation (NYSE:UVV) by 96.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 718 shares of the company’s stock after selling 19,831 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Universal were worth $30,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in UVV. First Trust Advisors LP increased its holdings in Universal by 35.5% in the first quarter. First Trust Advisors LP now owns 353,655 shares of the company’s stock worth $18,638,000 after buying an additional 92,617 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Universal in the first quarter worth approximately $4,220,000. SummerHaven Investment Management LLC bought a new stake in Universal in the third quarter worth approximately $679,000. Sei Investments Co. grew its position in Universal by 77.3% in the first quarter. Sei Investments Co. now owns 28,189 shares of the company’s stock worth $1,486,000 after acquiring an additional 12,288 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Universal by 21.2% during the 1st quarter. Bank of America Corp DE now owns 65,906 shares of the company’s stock worth $3,473,000 after purchasing an additional 11,517 shares during the last quarter. Institutional investors own 81.00% of the company’s stock.

Insider Activity at Universal

In other news, Director Lennart Freeman sold 1,782 shares of Universal stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $49.82, for a total value of $88,779.24. Following the transaction, the director owned 16,935 shares of the company’s stock, valued at $843,701.70. This trade represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Universal Stock Down 2.9%

UVV opened at $39.48 on Wednesday. The business has a 50 day moving average price of $42.73 and a 200 day moving average price of $50.21. Universal Corporation has a twelve month low of $38.11 and a twelve month high of $59.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.57. The firm has a market cap of $982.95 million, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 12.78 and a beta of 0.61.

Universal (NYSE:UVV) last announced its earnings results on Wednesday, August 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.43). Universal had a return on equity of 3.50% and a net margin of 0.67%. The company had revenue of $523.78 million for the quarter, compared to the consensus estimate of $587.00 million. Research analysts forecast that Universal Corporation will post 3.18 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UVV shares. Weiss Ratings downgraded shares of Universal from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research raised shares of Universal from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Wall Street Zen raised shares of Universal from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Universal Profile

Universal Corporation (NYSE: UVV) is a global agricultural products company primarily engaged in the procurement, processing and sale of leaf tobacco. Through its tobacco operations, the company purchases tobacco from growers, processes and stores the leaf, and supplies it to manufacturers of cigarettes, cigars, pipe tobacco and other tobacco products.

Universal handles several types of tobacco, including flue-cured, burley, dark air-cured and oriental varieties, as well as other specialty leaf products.