Bank of New York Mellon Corp Purchases 27,480 Shares of Universal Co. (NYSE:UVV)

Bank of New York Mellon Corp raised its position in shares of Universal Co. (NYSE:UVV - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,913 shares of the company's stock after purchasing an additional 27,480 shares during the period. Bank of New York Mellon Corp owned 1.57% of Universal worth $21,218,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sigma Planning Corp grew its holdings in Universal by 14.1% during the fourth quarter. Sigma Planning Corp now owns 5,219 shares of the company's stock valued at $286,000 after purchasing an additional 646 shares during the last quarter. Navellier & Associates Inc. boosted its holdings in shares of Universal by 7.8% during the 4th quarter. Navellier & Associates Inc. now owns 74,078 shares of the company's stock worth $4,062,000 after buying an additional 5,376 shares during the period. Corps Capital Advisors LLC acquired a new position in Universal in the 4th quarter valued at $274,000. Truist Financial Corp grew its stake in Universal by 14.8% in the 4th quarter. Truist Financial Corp now owns 5,962 shares of the company's stock valued at $327,000 after buying an additional 767 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Universal by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 119,700 shares of the company's stock worth $6,564,000 after acquiring an additional 3,338 shares during the period. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Universal Stock Performance

UVV stock traded down $1.04 during mid-day trading on Wednesday, reaching $53.22. 37,320 shares of the stock traded hands, compared to its average volume of 172,915. The firm has a market capitalization of $1.31 billion, a PE ratio of 10.94 and a beta of 0.79. The business has a 50-day moving average of $52.78 and a two-hundred day moving average of $53.20. Universal Co. has a 52 week low of $45.19 and a 52 week high of $59.13. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43.

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Universal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 6.09%. The ex-dividend date is Monday, April 14th. Universal's payout ratio is currently 66.67%.

About Universal

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.