Renaissance Technologies LLC Sells 35,400 Shares of Universal Co. (NYSE:UVV)

Renaissance Technologies LLC lessened its holdings in shares of Universal Co. (NYSE:UVV - Free Report) by 37.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,211 shares of the company's stock after selling 35,400 shares during the quarter. Renaissance Technologies LLC owned about 0.24% of Universal worth $3,247,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Universal in the 3rd quarter valued at $48,000. Jones Financial Companies Lllp bought a new stake in Universal during the fourth quarter valued at $56,000. US Bancorp DE increased its stake in 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 acquiring an additional 1,345 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Universal in the 4th quarter valued at about $111,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Universal by 68.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company's stock worth $167,000 after purchasing an additional 1,242 shares during the last quarter. Hedge funds and other institutional investors own 81.00% of the company's stock.

Universal Price Performance

Shares of Universal stock traded up $0.19 during trading on Friday, hitting $57.87. 257,557 shares of the stock traded hands, compared to its average volume of 155,844. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 11.91 and a beta of 0.74. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43. Universal Co. has a 52 week low of $45.19 and a 52 week high of $59.13. The firm's fifty day moving average is $53.95 and its 200-day moving average is $53.53.

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

Universal Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, April 14th. This represents a $3.24 annualized dividend and a dividend yield of 5.60%. 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.