Raymond James Financial Inc. purchased a new stake in shares of Universal Co. (NYSE:UVV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,242 shares of the company's stock, valued at approximately $1,329,000. Raymond James Financial Inc. owned approximately 0.10% of Universal as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of UVV. State Street Corp raised its holdings in shares of Universal by 6.3% during the 3rd quarter. State Street Corp now owns 1,218,793 shares of the company's stock valued at $64,730,000 after buying an additional 71,773 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Universal by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 575,128 shares of the company's stock valued at $31,540,000 after purchasing an additional 32,445 shares during the period. Geode Capital Management LLC raised its stake in shares of Universal by 0.6% during the third quarter. Geode Capital Management LLC now owns 566,356 shares of the company's stock valued at $30,085,000 after purchasing an additional 3,578 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Universal by 7.6% in the fourth quarter. Bank of New York Mellon Corp now owns 386,913 shares of the company's stock valued at $21,218,000 after purchasing an additional 27,480 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Universal by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 119,700 shares of the company's stock valued at $6,564,000 after purchasing an additional 3,338 shares during the period. 81.00% of the stock is currently owned by hedge funds and other institutional investors.
Universal Stock Down 2.7 %
NYSE:UVV traded down $1.44 on Monday, reaching $52.58. The stock had a trading volume of 246,338 shares, compared to its average volume of 160,761. The company has a 50-day moving average of $53.99 and a 200 day moving average of $53.48. The company has a current ratio of 2.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.30 billion, a P/E ratio of 10.82 and a beta of 0.74. Universal Co. has a 12-month low of $45.19 and a 12-month high of $59.13.
Universal Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors 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 yield of 6.16%. The ex-dividend date is Monday, April 14th. Universal's dividend payout ratio is currently 66.67%.
Universal 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.
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