OppenheimerFunds Inc. cut its holdings in shares of Universal Corp (NYSE:UVV) by 14.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 293,164 shares of the company’s stock after selling 47,622 shares during the period. OppenheimerFunds Inc. owned about 1.17% of Universal worth $19,363,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Kovack Advisors Inc. acquired a new stake in shares of Universal during the second quarter valued at about $206,000. Boston Partners grew its stake in shares of Universal by 3.0% during the second quarter. Boston Partners now owns 462,407 shares of the company’s stock valued at $30,542,000 after acquiring an additional 13,682 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Universal by 1.7% during the first quarter. Principal Financial Group Inc. now owns 191,972 shares of the company’s stock valued at $9,311,000 after acquiring an additional 3,273 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Universal during the second quarter valued at about $239,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Universal by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 466,014 shares of the company’s stock valued at $30,781,000 after acquiring an additional 5,929 shares in the last quarter. Institutional investors own 85.79% of the company’s stock.
Shares of Universal stock opened at $64.00 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.26 and a quick ratio of 1.90. The stock has a market cap of $1.58 billion, a PE ratio of 15.49 and a beta of 1.00. Universal Corp has a 1-year low of $45.95 and a 1-year high of $71.60.
Universal (NYSE:UVV) last announced its earnings results on Tuesday, August 7th. The company reported $0.25 earnings per share for the quarter. The company had revenue of $379.72 million during the quarter. Universal had a return on equity of 7.63% and a net margin of 5.41%.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 5th. Stockholders of record on Tuesday, October 9th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, October 5th. This represents a $3.00 annualized dividend and a dividend yield of 4.69%.
Separately, TheStreet upgraded Universal from a “c+” rating to a “b” rating in a research note on Friday, May 25th.
Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
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