State of Tennessee Treasury Department cut its stake in shares of Universal Corp (NYSE:UVV) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,123 shares of the company’s stock after selling 2,191 shares during the period. State of Tennessee Treasury Department owned about 0.08% of Universal worth $1,056,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Universal by 21.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 26,600 shares of the company’s stock valued at $1,397,000 after purchasing an additional 4,700 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Universal during the third quarter valued at $253,000. Vident Investment Advisory LLC raised its holdings in Universal by 23.2% during the third quarter. Vident Investment Advisory LLC now owns 42,040 shares of the company’s stock valued at $2,408,000 after acquiring an additional 7,917 shares during the period. Adams Asset Advisors LLC raised its holdings in Universal by 47.7% during the fourth quarter. Adams Asset Advisors LLC now owns 148,619 shares of the company’s stock valued at $7,802,000 after acquiring an additional 47,963 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Universal by 11.6% during the third quarter. Wells Fargo & Company MN now owns 100,409 shares of the company’s stock valued at $5,754,000 after acquiring an additional 10,471 shares during the period. Institutional investors own 82.70% of the company’s stock.
Shares of Universal Corp (NYSE UVV) opened at $50.60 on Tuesday. The company has a current ratio of 6.15, a quick ratio of 2.78 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1,270.00, a PE ratio of -42.88 and a beta of 1.12. Universal Corp has a twelve month low of $45.95 and a twelve month high of $75.70.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 7th. Shareholders of record on Monday, April 9th will be issued a dividend of $0.55 per share. The ex-dividend date is Friday, April 6th. This represents a $2.20 dividend on an annualized basis and a yield of 4.35%. Universal’s dividend payout ratio is presently -186.44%.
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Universal Company Profile
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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