Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Universal Co. (NYSE:UVV – Get Rating) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 247,746 shares of the company’s stock after purchasing an additional 3,772 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Universal were worth $14,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hightower 6M Holding LLC acquired a new position in Universal during the first quarter worth about $228,000. Keene & Associates Inc. lifted its holdings in shares of Universal by 12.7% in the 1st quarter. Keene & Associates Inc. now owns 6,178 shares of the company’s stock worth $359,000 after acquiring an additional 695 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Universal by 0.8% in the 1st quarter. Pzena Investment Management LLC now owns 890,281 shares of the company’s stock worth $51,699,000 after acquiring an additional 6,796 shares during the last quarter. Bank of America Corp DE increased its stake in Universal by 4.9% during the 4th quarter. Bank of America Corp DE now owns 105,009 shares of the company’s stock worth $5,766,000 after buying an additional 4,942 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Universal by 4.4% during the 4th quarter. Advisors Asset Management Inc. now owns 244,430 shares of the company’s stock worth $13,424,000 after buying an additional 10,235 shares during the period. Hedge funds and other institutional investors own 82.08% of the company’s stock.
Universal Trading Up 0.5 %
Shares of NYSE:UVV opened at $49.50 on Monday. Universal Co. has a 52 week low of $46.24 and a 52 week high of $64.13. The company’s 50 day moving average is $52.62 and its two-hundred day moving average is $56.62. The company has a current ratio of 2.61, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.22 billion, a PE ratio of 14.22 and a beta of 0.59.
Universal Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 10th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend is Thursday, October 6th. Universal’s dividend payout ratio (DPR) is 90.80%.
Insider Activity at Universal
In other Universal news, Director Lennart R. Freeman sold 1,402 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $51.54, for a total transaction of $72,259.08. Following the completion of the transaction, the director now directly owns 14,320 shares in the company, valued at approximately $738,052.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.
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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