JPMorgan Chase & Co. lowered its position in shares of Universal Corporation (NYSE:UVV) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 585,989 shares of the company’s stock after selling 50,639 shares during the quarter. JPMorgan Chase & Co. owned 2.32% of Universal Corporation worth $37,914,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Swiss National Bank boosted its position in Universal Corporation by 18.3% during the 2nd quarter. Swiss National Bank now owns 42,100 shares of the company’s stock worth $2,724,000 after acquiring an additional 6,500 shares during the last quarter. ARGI Investment Services LLC boosted its holdings in shares of Universal Corporation by 7.6% in the 2nd quarter. ARGI Investment Services LLC now owns 12,497 shares of the company’s stock valued at $809,000 after buying an additional 878 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Universal Corporation by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 197,695 shares of the company’s stock valued at $12,791,000 after buying an additional 882 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Universal Corporation by 1.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 398,708 shares of the company’s stock valued at $25,795,000 after buying an additional 5,274 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Universal Corporation by 59.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,405 shares of the company’s stock valued at $673,000 after buying an additional 3,874 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Universal Corporation (UVV) opened at 57.80 on Friday. The firm has a market cap of $1.46 billion, a P/E ratio of 42.13 and a beta of 1.43. The stock has a 50 day moving average price of $58.17 and a 200 day moving average price of $65.78. Universal Corporation has a 12-month low of $52.40 and a 12-month high of $83.35.

Universal Corporation (NYSE:UVV) last posted its earnings results on Thursday, August 3rd. The company reported $0.14 earnings per share for the quarter. The company had revenue of $284.62 million during the quarter. Universal Corporation had a return on equity of 14.36% and a net margin of 5.60%. On average, equities analysts expect that Universal Corporation will post $3.70 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.16 dividend on an annualized basis and a yield of 3.74%. Universal Corporation’s dividend payout ratio is currently 163.64%.

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In other Universal Corporation news, insider James A. Huffman sold 3,107 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $58.35, for a total transaction of $181,293.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Adams, Jr. sold 611 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $58.45, for a total value of $35,712.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,053 shares of company stock valued at $638,981. 2.30% of the stock is owned by company insiders.

Several equities research analysts have recently commented on UVV shares. TheStreet downgraded Universal Corporation from an “a” rating to a “c+” rating in a report on Tuesday, May 23rd. BidaskClub downgraded Universal Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd.

Universal Corporation Profile

Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.

Institutional Ownership by Quarter for Universal Corporation (NYSE:UVV)

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