Exchange Traded Concepts LLC Reduces Holdings in Universal Co. (NYSE:UVV)

Exchange Traded Concepts LLC decreased its holdings in shares of Universal Co. (NYSE:UVV - Free Report) by 55.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,962 shares of the company's stock after selling 17,193 shares during the quarter. Exchange Traded Concepts LLC owned about 0.06% of Universal worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in UVV. GAMMA Investing LLC lifted its holdings in Universal by 82.6% during the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the company's stock worth $36,000 after purchasing an additional 304 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in Universal by 41.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 850 shares of the company's stock worth $41,000 after acquiring an additional 250 shares during the period. nVerses Capital LLC purchased a new stake in Universal in the 2nd quarter worth approximately $43,000. Canada Pension Plan Investment Board bought a new position in Universal in the 2nd quarter valued at $48,000. Finally, Blue Trust Inc. grew its position in shares of Universal by 145.2% during the 2nd quarter. Blue Trust Inc. now owns 1,030 shares of the company's stock valued at $53,000 after purchasing an additional 610 shares in the last quarter. Hedge funds and other institutional investors own 81.00% of the company's stock.

Universal Price Performance

NYSE:UVV traded down $0.98 during trading hours on Friday, hitting $50.38. 93,018 shares of the company's stock traded hands, compared to its average volume of 201,976. Universal Co. has a 52 week low of $44.40 and a 52 week high of $67.80. The business's fifty day simple moving average is $52.39 and its two-hundred day simple moving average is $50.78. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.24 billion, a P/E ratio of 10.36 and a beta of 0.77.

Universal (NYSE:UVV - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 EPS for the quarter. The company had revenue of $597.05 million during the quarter. Universal had a return on equity of 8.92% and a net margin of 4.31%.

Universal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, October 14th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date is Friday, October 11th. Universal's payout ratio is 66.67%.

Universal Company 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.