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Why Universal Corp. (UVV) Stock Could See Much Higher Prices Ahead

Universal Corp. (NYSE: UVV) is -19.34% lower on its value in year-to-date trading and has touched a low of $44.40 and a high of $67.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UVV stock was last observed hovering at around $54.85 in the last trading session, with the day’s loss setting it -0.55%.

Currently trading at $54.30, the stock is 3.38% and 6.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing -1.00% at the moment leaves the stock 2.17% off its SMA200. UVV registered 12.38% gain for a year compared to 6-month gain of 12.63%.

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The stock witnessed a 4.36% loss in the last 1 month and extending the period to 3 months gives it a 13.22%, and is 0.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 2.13% over the month.

Universal Corp. (UVV) has around 27000 employees, a market worth around $1.34B and $2.83B in sales. Current P/E ratio is 11.18. Profit margin for the company is 4.31%. Distance from 52-week low is 22.30% and -19.91% from its 52-week high. The company has generated returns on investments over the last 12 months (5.95%).

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Universal Corp. (UVV) Top Institutional Holders

281.0 institutions hold shares in Universal Corp. (UVV), with institutional investors hold 83.52% of the company’s shares. The shares outstanding are 24.57M, and float is at 23.78M with Short Float at 1.78%. Institutions hold 81.04% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 3.78 million shares valued at $181.95 million. The investor’s holdings represent 15.193% of the UVV Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.91 million shares valued at $$140.16 million to account for 11.7029 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.94 million shares representing 7.8108% and valued at over $93.54 million, while FIRST TRUST ADVISORS LP holds 4.7818 of the shares totaling 1.19 million with a market value of $57.27 million.

Universal Corp. (UVV) Insider Activity

The most recent transaction is an insider sale by Formacek Candace C,the company’sVice President & Treasurer. SEC filings show that Formacek Candace C sold 3,767 shares of the company’s common stock on Nov 22 ’23 at a price of $54.94 per share for a total of $0.21 million. Following the sale, the insider now owns 26975.0 shares.

Universal Corp. disclosed in a document filed with the SEC on Nov 20 ’23 that SLEDD ROBERT C (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Nov 20 ’23 and was made at $53.74 per share for $0.11 million. Following the transaction, the insider now directly holds 15080.0 shares of the UVV stock.

Still, SEC filings show that on Nov 15 ’23, Williams Jacqueline T. (Director) disposed off 182 shares at an average price of $53.10 for $9665.0. The insider now directly holds 10,217 shares of Universal Corp. (UVV).

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