Barclays PLC lifted its stake in Universal Co. (NYSE:UVV - Free Report) by 341.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,565 shares of the company's stock after purchasing an additional 31,370 shares during the quarter. Barclays PLC owned about 0.16% of Universal worth $2,155,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in UVV. GAMMA Investing LLC lifted its holdings in Universal by 82.6% in the third quarter. GAMMA Investing LLC now owns 672 shares of the company's stock valued at $36,000 after acquiring an additional 304 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Universal in the 2nd quarter valued at $43,000. Canada Pension Plan Investment Board purchased a new position in shares of Universal during the 2nd quarter worth $48,000. KBC Group NV increased its position in shares of Universal by 57.8% during the 3rd quarter. KBC Group NV now owns 1,141 shares of the company's stock worth $61,000 after purchasing an additional 418 shares during the last quarter. Finally, Sittner & Nelson LLC purchased a new stake in Universal in the 3rd quarter valued at about $119,000. Hedge funds and other institutional investors own 81.00% of the company's stock.
Universal Trading Down 0.9 %
NYSE UVV traded down $0.49 during trading hours on Friday, reaching $54.34. The company had a trading volume of 77,784 shares, compared to its average volume of 191,678. The company has a current ratio of 2.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.34 billion, a P/E ratio of 11.18 and a beta of 0.81. The stock has a 50-day moving average of $54.27 and a 200 day moving average of $52.11. Universal Co. has a 1-year low of $45.19 and a 1-year high of $67.80.
Universal announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.
Universal Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a dividend of $0.81 per share. The ex-dividend date is Monday, January 13th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 5.96%. Universal's payout ratio is currently 66.67%.
About Universal
(
Free Report)
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.
Featured Articles
Before you consider Universal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal wasn't on the list.
While Universal currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
