Geode Capital Management LLC Has $30.75 Million Holdings in Universal Co. (NYSE:UVV)

Geode Capital Management LLC cut its stake in Universal Co. (NYSE:UVV - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,648 shares of the company's stock after selling 5,708 shares during the quarter. Geode Capital Management LLC owned approximately 2.27% of Universal worth $30,753,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Heritage Wealth Advisors raised its holdings in Universal by 0.7% in the 4th quarter. Heritage Wealth Advisors now owns 26,605 shares of the company's stock valued at $1,459,000 after acquiring an additional 189 shares during the period. Commonwealth Equity Services LLC lifted its position in Universal by 4.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,186 shares of the company's stock worth $339,000 after purchasing an additional 250 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Universal by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,322 shares of the company's stock worth $785,000 after acquiring an additional 360 shares during the period. Fulcrum Equity Management boosted its holdings in shares of Universal by 4.5% in the 3rd quarter. Fulcrum Equity Management now owns 8,723 shares of the company's stock valued at $463,000 after purchasing an additional 375 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Universal by 6.5% in the fourth quarter. SG Americas Securities LLC now owns 9,166 shares of the company's stock valued at $503,000 after buying an additional 556 shares in the last quarter. Institutional investors and hedge funds own 81.00% of the company's stock.

Universal Price Performance

Shares of Universal stock traded up $2.39 during midday trading on Tuesday, hitting $54.17. 422,311 shares of the company traded hands, compared to its average volume of 161,218. The firm's fifty day moving average price is $53.73 and its 200-day moving average price is $53.44. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 11.15 and a beta of 0.74. Universal Co. has a 12 month low of $45.19 and a 12 month high of $59.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60.

Universal (NYSE:UVV - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The company reported $2.37 earnings per share for the quarter. Universal had a return on equity of 8.92% and a net margin of 4.31%. The company had revenue of $937.19 million for the quarter.

Universal Announces Dividend

The company 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 $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Monday, April 14th. Universal's dividend payout ratio is currently 66.67%.

Universal Profile

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.