Charles Schwab Investment Management Inc. Grows Stock Holdings in Universal Co. (NYSE:UVV)

Charles Schwab Investment Management Inc. grew its stake in shares of Universal Co. (NYSE:UVV - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 575,128 shares of the company's stock after acquiring an additional 32,445 shares during the period. Charles Schwab Investment Management Inc. owned about 2.33% of Universal worth $31,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp raised its stake in shares of Universal by 6.3% during the 3rd quarter. State Street Corp now owns 1,218,793 shares of the company's stock worth $64,730,000 after buying an additional 71,773 shares during the last quarter. Geode Capital Management LLC increased its holdings in Universal by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 566,356 shares of the company's stock valued at $30,085,000 after acquiring an additional 3,578 shares in the last quarter. Bank of New York Mellon Corp raised its position in Universal by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 386,913 shares of the company's stock worth $21,218,000 after acquiring an additional 27,480 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Universal by 2.3% in the third quarter. Advisors Asset Management Inc. now owns 221,695 shares of the company's stock valued at $11,774,000 after purchasing an additional 4,986 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Universal by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 119,700 shares of the company's stock valued at $6,564,000 after purchasing an additional 3,338 shares during the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

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Universal Price Performance

Shares of Universal stock traded down $0.51 during trading on Thursday, hitting $55.18. 50,598 shares of the company were exchanged, compared to its average volume of 153,910. The firm has a 50 day moving average price of $52.97 and a 200 day moving average price of $53.24. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 11.39 and a beta of 0.79. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43. Universal Co. has a fifty-two week low of $45.19 and a fifty-two week high of $59.13.

Universal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Monday, April 14th. Universal's dividend payout ratio is presently 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.