Truist Financial Corp Has $542,000 Holdings in Universal Co. (NYSE:UVV)

Truist Financial Corp cut its stake in shares of Universal Co. (NYSE:UVVGet Rating) by 6.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,775 shares of the company’s stock after selling 784 shares during the quarter. Truist Financial Corp’s holdings in Universal were worth $542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Universal by 0.9% during the first quarter. BlackRock Inc. now owns 3,957,625 shares of the company’s stock worth $229,820,000 after purchasing an additional 35,047 shares during the period. Vanguard Group Inc. increased its holdings in shares of Universal by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,829,836 shares of the company’s stock worth $164,328,000 after purchasing an additional 27,210 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Universal by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,726,289 shares of the company’s stock worth $100,244,000 after purchasing an additional 6,370 shares during the period. State Street Corp increased its holdings in shares of Universal by 8.2% during the second quarter. State Street Corp now owns 1,514,372 shares of the company’s stock worth $91,620,000 after purchasing an additional 114,160 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Universal by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 597,475 shares of the company’s stock worth $34,696,000 after purchasing an additional 23,204 shares during the period. 80.02% of the stock is owned by institutional investors.

Universal Price Performance

Shares of UVV stock opened at $54.40 on Monday. The company has a quick ratio of 0.99, a current ratio of 2.49 and a debt-to-equity ratio of 0.38. Universal Co. has a twelve month low of $43.64 and a twelve month high of $64.13. The company has a market cap of $1.34 billion, a P/E ratio of 15.20 and a beta of 0.69. The business has a fifty day simple moving average of $54.47 and a 200 day simple moving average of $52.17.

Universal (NYSE:UVVGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.88 earnings per share for the quarter. Universal had a return on equity of 7.22% and a net margin of 3.76%. The business had revenue of $650.98 million during the quarter.

Universal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Investors of record on Monday, January 9th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, January 6th. This represents a $3.16 annualized dividend and a dividend yield of 5.81%. Universal’s dividend payout ratio is currently 88.27%.

Analyst Ratings Changes

UVV has been the topic of several recent research reports. TheStreet raised shares of Universal from a “c+” rating to a “b” rating in a report on Wednesday, November 16th. StockNews.com started coverage on shares of Universal in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Insider Buying and Selling

In related news, Director Thomas H. Johnson sold 2,800 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $53.94, for a total transaction of $151,032.00. Following the completion of the sale, the director now directly owns 24,652 shares in the company, valued at approximately $1,329,728.88. The sale was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by corporate insiders.

Universal Company Profile

(Get Rating)

Universal Corp. is a business-to-business agro-products supplier to consumer product manufacturers that sources and processes leaf tobacco and plant-based ingredients. It operates through the following segments: Tobacco Operations and Ingredients Operations. The Tobacco Operations segment includes selecting, procuring, processing, packing, storing, shipping, and financing leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products throughout the world.

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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