Aperio Group LLC decreased its stake in Universal Corporation (NYSE:UVV) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,485 shares of the company’s stock after selling 3,669 shares during the quarter. Aperio Group LLC owned about 0.10% of Universal Corporation worth $1,518,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in UVV. Hartford Investment Management Co. purchased a new position in shares of Universal Corporation in the 2nd quarter worth approximately $232,000. Bowling Portfolio Management LLC purchased a new position in shares of Universal Corporation in the 2nd quarter worth approximately $1,504,000. Great West Life Assurance Co. Can boosted its holdings in shares of Universal Corporation by 2.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 36,461 shares of the company’s stock worth $2,359,000 after purchasing an additional 750 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Universal Corporation by 9.1% in the 2nd quarter. Bessemer Group Inc. now owns 32,300 shares of the company’s stock worth $2,090,000 after purchasing an additional 2,700 shares during the period. Finally, Benedict Financial Advisors Inc. boosted its holdings in shares of Universal Corporation by 4.6% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 18,212 shares of the company’s stock worth $1,170,000 after purchasing an additional 798 shares during the period. Hedge funds and other institutional investors own 89.34% of the company’s stock.

Separately, BidaskClub upgraded Universal Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.

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Universal Corporation (UVV) opened at $53.80 on Friday. Universal Corporation has a 1-year low of $52.35 and a 1-year high of $83.35. The company has a current ratio of 5.60, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $1,380.03, a price-to-earnings ratio of 12.60 and a beta of 1.42.

Universal Corporation (NYSE:UVV) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.02 earnings per share (EPS) for the quarter. Universal Corporation had a return on equity of 14.16% and a net margin of 5.56%. The company had revenue of $488.25 million during the quarter.

Universal Corporation announced that its Board of Directors has authorized a stock buyback program on Tuesday, November 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Monday, January 8th will be issued a dividend of $0.55 per share. The ex-dividend date is Friday, January 5th. This represents a $2.20 dividend on an annualized basis and a yield of 4.09%. This is a boost from Universal Corporation’s previous quarterly dividend of $0.54. Universal Corporation’s payout ratio is presently 150.00%.

In related news, insider James A. Huffman sold 3,107 shares of the business’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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John B. Adams, Jr. sold 611 shares of the business’s stock in a transaction on Monday, August 21st. The shares were 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. 2.30% of the stock is owned by insiders.

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.

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

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