Public Employees Retirement System of Ohio increased its stake in shares of Universal Corporation (NYSE:UVV) by 156.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,815 shares of the company’s stock after purchasing an additional 6,604 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Universal Corporation were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of UVV. Quantbot Technologies LP purchased a new stake in Universal Corporation in the 2nd quarter valued at about $103,000. Advisor Group Inc. grew its holdings in Universal Corporation by 27.1% in the 2nd quarter. Advisor Group Inc. now owns 2,732 shares of the company’s stock valued at $177,000 after buying an additional 583 shares during the period. Amalgamated Bank grew its holdings in Universal Corporation by 8.3% in the 2nd quarter. Amalgamated Bank now owns 3,286 shares of the company’s stock valued at $213,000 after buying an additional 251 shares during the period. Hartford Investment Management Co. purchased a new stake in Universal Corporation in the 2nd quarter valued at about $232,000. Finally, Trust Co. of Virginia VA grew its holdings in Universal Corporation by 4.0% in the 2nd quarter. Trust Co. of Virginia VA now owns 4,678 shares of the company’s stock valued at $302,000 after buying an additional 178 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.
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Separately, BidaskClub upgraded Universal Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.
In other news, Director John B. Adams, Jr. sold 611 shares of Universal Corporation stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $58.45, for a total value of $35,712.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider James A. Huffman sold 3,107 shares of Universal Corporation stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $58.35, for a total value of $181,293.45. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.
Shares of Universal Corporation (NYSE:UVV) opened at $56.70 on Friday. The company has a quick ratio of 2.11, a current ratio of 5.60 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1,423.96, a PE ratio of 13.00 and a beta of 1.42. Universal Corporation has a fifty-two week low of $52.35 and a fifty-two week high of $83.35.
Universal Corporation (NYSE:UVV) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.02 EPS for the quarter. The company had revenue of $488.25 million during the quarter. Universal Corporation had a return on equity of 14.16% and a net margin of 5.56%.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Monday, January 8th will be issued a $0.55 dividend. This is a boost from Universal Corporation’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, January 5th. This represents a $2.20 annualized dividend and a yield of 3.88%. Universal Corporation’s payout ratio is 150.00%.
Universal Corporation declared that its board has authorized a stock repurchase plan on Tuesday, November 7th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
About Universal Corporation
Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.
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