Pzena Investment Management LLC Sells 13,490 Shares of Universal Co. (NYSE:UVV)

Pzena Investment Management LLC trimmed its holdings in Universal Co. (NYSE:UVV - Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 915,380 shares of the company's stock after selling 13,490 shares during the quarter. Pzena Investment Management LLC owned approximately 3.71% of Universal worth $50,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Universal during the 3rd quarter valued at approximately $48,000. Jones Financial Companies Lllp bought a new position in Universal during the fourth quarter valued at $56,000. KBC Group NV grew its stake in shares of 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 in the last quarter. US Bancorp DE increased its holdings in shares of Universal by 325.7% in the 4th quarter. US Bancorp DE now owns 1,758 shares of the company's stock worth $96,000 after buying an additional 1,345 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Universal during the 4th quarter valued at about $111,000. 81.00% of the stock is currently owned by institutional investors.

Universal Trading Down 1.4 %

UVV traded down $0.74 on Wednesday, hitting $53.51. The company had a trading volume of 51,001 shares, compared to its average volume of 172,982. Universal Co. has a 12-month low of $45.19 and a 12-month high of $59.13. 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 business's fifty day simple moving average is $52.78 and its 200 day simple moving average is $53.20. The company has a market cap of $1.32 billion, a PE ratio of 11.02 and a beta of 0.79.

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Universal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend is Monday, April 14th. Universal's payout ratio is currently 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.