TrueMark Investments LLC acquired a new stake in Universal Co. (NYSE:UVV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,729 shares of the company's stock, valued at approximately $1,630,000. TrueMark Investments LLC owned about 0.12% of Universal at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Universal in the third quarter worth $48,000. Jones Financial Companies Lllp bought a new position in Universal during the fourth quarter worth about $56,000. US Bancorp DE lifted its holdings in Universal by 325.7% during the fourth quarter. US Bancorp DE now owns 1,758 shares of the company's stock worth $96,000 after acquiring an additional 1,345 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Universal in the fourth quarter worth about $111,000. Finally, PNC Financial Services Group Inc. raised its position 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 purchasing an additional 1,242 shares during the period. Institutional investors and hedge funds own 81.00% of the company's stock.
Universal Stock Down 0.6 %
Shares of NYSE:UVV traded down $0.35 during trading on Friday, hitting $56.08. 112,550 shares of the company's stock traded hands, compared to its average volume of 161,978. The company has a 50-day moving average price of $53.56 and a 200-day moving average price of $53.33. Universal Co. has a 52 week low of $45.19 and a 52 week high of $59.13. 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 company has a market cap of $1.38 billion, a price-to-earnings ratio of 11.54 and a beta of 0.79.
Universal Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Monday, April 14th. Universal's dividend payout ratio (DPR) is presently 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.
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