Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Universal Co. (NYSE:UVV - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,893 shares of the company's stock after selling 7,232 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Universal were worth $323,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in UVV. Wilmington Savings Fund Society FSB purchased a new stake in Universal during the third quarter valued at about $48,000. Jones Financial Companies Lllp purchased a new position in shares of Universal during the 4th quarter valued at about $56,000. KBC Group NV lifted its position in Universal by 57.8% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company's stock worth $61,000 after buying an additional 418 shares during the last quarter. US Bancorp DE boosted its stake in Universal by 325.7% in the fourth quarter. US Bancorp DE now owns 1,758 shares of the company's stock worth $96,000 after buying an additional 1,345 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Universal during the fourth quarter valued at approximately $111,000. 81.00% of the stock is owned by institutional investors.
Universal Trading Up 3.8 %
Shares of UVV traded up $2.06 during mid-day trading on Thursday, reaching $56.45. The company's stock had a trading volume of 300,892 shares, compared to its average volume of 145,020. Universal Co. has a 52 week low of $45.19 and a 52 week high of $59.13. The stock has a market cap of $1.39 billion, a PE ratio of 11.62 and a beta of 0.79. The company's fifty day moving average price is $53.34 and its two-hundred day moving average price is $53.27. The company has a current ratio of 2.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43.
Universal Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 5.74%. Universal's dividend payout ratio (DPR) 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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
