TIAA CREF Investment Management LLC raised its holdings in shares of Universal Corporation (NYSE:UVV) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,628 shares of the company’s stock after purchasing an additional 1,544 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.26% of Universal Corporation worth $4,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Schroder Investment Management Group lifted its holdings in Universal Corporation by 9.7% during the 2nd quarter. Schroder Investment Management Group now owns 600,828 shares of the company’s stock valued at $38,303,000 after purchasing an additional 53,345 shares during the last quarter. Boston Partners lifted its holdings in Universal Corporation by 2.3% during the 2nd quarter. Boston Partners now owns 412,865 shares of the company’s stock valued at $26,712,000 after purchasing an additional 9,218 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Universal Corporation by 1.3% during 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 purchasing an additional 5,274 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Universal Corporation by 9.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 245,758 shares of the company’s stock valued at $15,901,000 after purchasing an additional 20,760 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Universal Corporation by 0.4% during the 2nd quarter. Principal Financial Group Inc. now owns 197,695 shares of the company’s stock valued at $12,791,000 after purchasing an additional 882 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Shares of Universal Corporation (UVV) opened at 57.15 on Friday. The firm has a market cap of $1.45 billion, a P/E ratio of 41.65 and a beta of 1.41. Universal Corporation has a 12-month low of $52.40 and a 12-month high of $83.35. The stock’s 50 day moving average price is $57.48 and its 200-day moving average price is $63.89.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Tuesday, October 10th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, October 6th. This represents a $2.16 dividend on an annualized basis and a yield of 3.78%. Universal Corporation’s dividend payout ratio (DPR) is 163.64%.

Separately, BidaskClub downgraded Universal Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd.

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In other Universal Corporation news, Director John B. Adams, Jr. sold 611 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $58.45, for a total value of $35,712.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James A. Huffman sold 3,107 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $58.35, for a total value of $181,293.45. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

About Universal Corporation

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.

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

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