Texas Permanent School Fund Boosts Stock Position in Universal Co. (NYSE:UVV)

Texas Permanent School Fund increased its holdings in Universal Co. (NYSE:UVVGet Rating) by 1.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,786 shares of the company’s stock after buying an additional 340 shares during the period. Texas Permanent School Fund’s holdings in Universal were worth $1,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UVV. Victory Capital Management Inc. raised its position in shares of Universal by 51.1% in the first quarter. Victory Capital Management Inc. now owns 331,701 shares of the company’s stock worth $19,189,000 after buying an additional 112,232 shares in the last quarter. State Street Corp raised its position in shares of Universal by 6.8% in the first quarter. State Street Corp now owns 1,400,212 shares of the company’s stock worth $81,310,000 after buying an additional 89,079 shares in the last quarter. BlackRock Inc. raised its position in Universal by 0.9% during the first quarter. BlackRock Inc. now owns 3,957,625 shares of the company’s stock valued at $229,820,000 after purchasing an additional 35,047 shares in the last quarter. Vanguard Group Inc. raised its position in Universal by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,829,836 shares of the company’s stock valued at $164,328,000 after purchasing an additional 27,210 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in Universal by 91.1% during the first quarter. Teacher Retirement System of Texas now owns 50,911 shares of the company’s stock valued at $2,956,000 after purchasing an additional 24,268 shares in the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.

Insider Activity

In other news, Director Thomas H. Johnson sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $53.94, for a total transaction of $151,032.00. Following the transaction, the director now directly owns 24,652 shares of the company’s stock, valued at $1,329,728.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on UVV. StockNews.com began coverage on Universal in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet upgraded Universal from a “c+” rating to a “b” rating in a research report on Wednesday.

Universal Trading Up 0.8 %

NYSE UVV opened at $56.08 on Friday. The stock’s 50-day simple moving average is $49.36 and its two-hundred day simple moving average is $54.07. Universal Co. has a twelve month low of $43.64 and a twelve month high of $64.13. The company has a quick ratio of 0.99, a current ratio of 2.49 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.66 and a beta of 0.64.

Universal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Monday, January 9th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, January 6th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.63%. Universal’s dividend payout ratio (DPR) is currently 88.27%.

Universal Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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