Universal Corp (UVV) Shares Bought by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio grew its position in Universal Corp (NYSE:UVV) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,855 shares of the company’s stock after acquiring an additional 1,040 shares during the period. Public Employees Retirement System of Ohio’s holdings in Universal were worth $679,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Universal in the second quarter valued at approximately $103,000. Advisor Group Inc. raised its stake in shares of Universal by 27.1% in the second quarter. Advisor Group Inc. now owns 2,732 shares of the company’s stock valued at $177,000 after acquiring an additional 583 shares during the last quarter. Amalgamated Bank raised its stake in shares of Universal by 8.3% in the second quarter. Amalgamated Bank now owns 3,286 shares of the company’s stock valued at $213,000 after acquiring an additional 251 shares during the last quarter. HL Financial Services LLC bought a new position in shares of Universal in the third quarter valued at approximately $251,000. Finally, GSA Capital Partners LLP bought a new position in shares of Universal in the third quarter valued at approximately $253,000. Institutional investors own 86.54% of the company’s stock.
Universal Corp (UVV) opened at $52.10 on Friday. Universal Corp has a one year low of $51.50 and a one year high of $83.35. The company has a quick ratio of 2.18, a current ratio of 5.60 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1,320.00, a P/E ratio of -68.55 and a beta of 1.38.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Monday, January 8th will be paid a $0.55 dividend. The ex-dividend date is Friday, January 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.22%. This is a boost from Universal’s previous quarterly dividend of $0.54. Universal’s payout ratio is -284.21%.
Universal announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 7th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, Director John B. Adams, Jr. sold 848 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $52.50, for a total value of $44,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Sledd sold 1,755 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $55.26, for a total transaction of $96,981.30. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
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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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