Baird Financial Group Inc. Has $265,000 Stake in Universal Co. (NYSE:UVV)

Baird Financial Group Inc. lowered its stake in shares of Universal Co. (NYSE:UVVGet Rating) by 18.6% in the second quarter, Holdings Channel.com reports. The firm owned 4,386 shares of the company’s stock after selling 1,000 shares during the period. Baird Financial Group Inc.’s holdings in Universal were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its position in shares of Universal by 3,836.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 433 shares of the company’s stock worth $26,000 after buying an additional 422 shares in the last quarter. US Bancorp DE lifted its position in shares of Universal by 47.9% during the 2nd quarter. US Bancorp DE now owns 713 shares of the company’s stock worth $43,000 after buying an additional 231 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Universal during the 1st quarter worth approximately $68,000. PNC Financial Services Group Inc. lifted its position in shares of Universal by 18.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,475 shares of the company’s stock worth $85,000 after buying an additional 230 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of Universal during the 2nd quarter worth approximately $135,000. Institutional investors and hedge funds own 82.08% of the company’s stock.

Universal Trading Up 0.8 %

NYSE:UVV opened at $57.07 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 0.99 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $1.40 billion, a PE ratio of 15.94 and a beta of 0.64. The firm’s 50 day moving average is $49.64 and its 200 day moving average is $54.03. Universal Co. has a 12 month low of $43.64 and a 12 month high of $64.13.

Universal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 6th. Investors of record on Monday, January 9th will be issued a $0.79 dividend. 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 5.54%. Universal’s dividend payout ratio (DPR) is presently 88.27%.

Insider Buying and Selling

In related news, Director Thomas H. Johnson sold 2,800 shares of Universal stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $53.94, for a total value of $151,032.00. Following the sale, the director now owns 24,652 shares of the company’s stock, valued at approximately $1,329,728.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on UVV. StockNews.com began coverage on shares of Universal in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet raised shares of Universal from a “c+” rating to a “b” rating in a research report on Wednesday, November 16th.

About Universal

(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.

Further Reading

Want to see what other hedge funds are holding UVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Co. (NYSE:UVVGet Rating).

Institutional Ownership by Quarter for Universal (NYSE:UVV)

Receive News & Ratings for Universal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal and related companies with MarketBeat.com's FREE daily email newsletter.