State of Tennessee Treasury Department reduced its holdings in Universal Corp (NYSE:UVV) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,123 shares of the company’s stock after selling 2,191 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.08% of Universal worth $1,056,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in UVV. Deprince Race & Zollo Inc. acquired a new position in shares of Universal in the 4th quarter worth approximately $36,423,000. Pzena Investment Management LLC boosted its holdings in shares of Universal by 51.3% in the 4th quarter. Pzena Investment Management LLC now owns 655,409 shares of the company’s stock worth $34,409,000 after acquiring an additional 222,161 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Universal by 5.8% in the 4th quarter. BlackRock Inc. now owns 3,296,570 shares of the company’s stock worth $173,071,000 after acquiring an additional 179,889 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Universal in the 3rd quarter worth approximately $4,234,000. Finally, Comerica Bank boosted its holdings in shares of Universal by 223.4% in the 4th quarter. Comerica Bank now owns 74,669 shares of the company’s stock worth $3,759,000 after acquiring an additional 51,578 shares in the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Universal Corp (NYSE:UVV) traded down $0.50 on Tuesday, hitting $47.30. The stock had a trading volume of 56,368 shares, compared to its average volume of 257,599. The firm has a market cap of $1,202.19, a P/E ratio of 12.60 and a beta of 1.12. The company has a quick ratio of 2.78, a current ratio of 6.15 and a debt-to-equity ratio of 0.27. Universal Corp has a fifty-two week low of $45.95 and a fifty-two week high of $75.70.
Universal (NYSE:UVV) last announced its earnings results on Tuesday, February 6th. The company reported $1.37 EPS for the quarter. Universal had a return on equity of 12.77% and a net margin of 5.20%. The business had revenue of $653.58 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 7th. Investors of record on Monday, April 9th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, April 6th. Universal’s dividend payout ratio (DPR) is presently 169.23%.
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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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