Vanguard Group Inc. increased its holdings in shares of Universal Co. (NYSE:UVV - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,913,551 shares of the company's stock after buying an additional 38,940 shares during the quarter. Vanguard Group Inc. owned 11.80% of Universal worth $159,779,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of UVV. State Street Corp raised its stake in Universal by 6.3% during the third quarter. State Street Corp now owns 1,218,793 shares of the company's stock worth $64,730,000 after acquiring an additional 71,773 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Universal by 6.0% during the 4th 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 last quarter. Barclays PLC increased its position in Universal by 341.2% during the 3rd quarter. Barclays PLC now owns 40,565 shares of the company's stock worth $2,155,000 after purchasing an additional 31,370 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Universal by 7.6% in the 4th 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 last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Universal in the fourth quarter valued at approximately $1,329,000. 81.00% of the stock is owned by institutional investors and hedge funds.
Universal Price Performance
Shares of NYSE UVV traded up $0.07 during midday trading on Friday, reaching $52.60. 301,908 shares of the company were exchanged, compared to its average volume of 160,774. Universal Co. has a one year low of $45.19 and a one year high of $59.13. The stock has a market cap of $1.30 billion, a P/E ratio of 10.82 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. The stock's 50-day moving average price is $53.92 and its 200-day moving average price is $53.48.
Universal Announces Dividend
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 $0.81 dividend. The ex-dividend date is Monday, April 14th. This represents a $3.24 dividend on an annualized basis and a yield of 6.16%. Universal's payout ratio is presently 66.67%.
About Universal
(
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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