Walleye Capital LLC Makes New $480,000 Investment in Universal Co. (NYSE:UVV)

Walleye Capital LLC bought a new stake in Universal Co. (NYSE:UVV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,756 shares of the company's stock, valued at approximately $480,000.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. grew its position in Universal by 25.3% in the 4th quarter. Invesco Ltd. now owns 995,262 shares of the company's stock valued at $54,580,000 after buying an additional 201,185 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Universal by 80.8% in the fourth quarter. JPMorgan Chase & Co. now owns 135,563 shares of the company's stock worth $7,434,000 after buying an additional 60,580 shares during the period. Vanguard Group Inc. grew its position in Universal by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 2,913,551 shares of the company's stock worth $159,779,000 after purchasing an additional 38,940 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Universal by 148.5% in the fourth quarter. Cerity Partners LLC now owns 62,145 shares of the company's stock valued at $3,405,000 after purchasing an additional 37,141 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Universal by 6.0% in 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 in the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Universal Stock Up 1.1 %

Shares of UVV stock traded up $0.62 during trading on Tuesday, hitting $58.19. 34,296 shares of the company were exchanged, compared to its average volume of 155,520. The business's 50-day simple moving average is $54.03 and its 200 day simple moving average is $53.60. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.97 and a beta of 0.74. Universal Co. has a twelve month low of $45.19 and a twelve month high of $59.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60.

Universal (NYSE:UVV - Get Free Report) last posted its earnings results on Monday, April 21st. The company reported $2.37 EPS for the quarter. The company 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 announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 5.57%. 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.