O Shaughnessy Asset Management LLC decreased its position in shares of Universal Co. (NYSE:UVV - Free Report) by 59.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,466 shares of the company's stock after selling 28,584 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.08% of Universal worth $1,068,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in UVV. Wilmington Savings Fund Society FSB acquired a new position in shares of Universal in the 3rd quarter valued at $48,000. Jones Financial Companies Lllp purchased a new position in Universal during the 4th quarter worth $56,000. US Bancorp DE increased its stake in Universal by 325.7% in the fourth quarter. US Bancorp DE now owns 1,758 shares of the company's stock valued at $96,000 after purchasing an additional 1,345 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Universal in the fourth quarter valued at about $111,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Universal by 68.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company's stock worth $167,000 after buying an additional 1,242 shares during the period. Institutional investors and hedge funds own 81.00% of the company's stock.
Universal Stock Performance
UVV stock traded up $0.07 during trading on Friday, hitting $52.60. The company had a trading volume of 301,908 shares, compared to its average volume of 160,774. The firm has a 50-day moving average price of $53.92 and a 200-day moving average price of $53.48. 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 $1.30 billion, a PE ratio of 10.82 and a beta of 0.74. Universal Co. has a 1-year low of $45.19 and a 1-year high of $59.13.
Universal Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, April 14th. Universal's payout ratio is currently 66.67%.
Universal Company Profile
(
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.
Further Reading
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