Universal Co. (NYSE:UVV) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its holdings in Universal Co. (NYSE:UVVFree Report) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 171,627 shares of the company’s stock after selling 49,408 shares during the quarter. DAVENPORT & Co LLC’s holdings in Universal were worth $11,554,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. acquired a new position in shares of Universal during the fourth quarter worth about $71,187,000. Invesco Ltd. increased its stake in shares of Universal by 21.7% during the third quarter. Invesco Ltd. now owns 1,139,598 shares of the company’s stock worth $53,800,000 after acquiring an additional 203,514 shares during the period. Pzena Investment Management LLC increased its stake in shares of Universal by 19.0% during the third quarter. Pzena Investment Management LLC now owns 1,117,463 shares of the company’s stock worth $52,755,000 after acquiring an additional 178,592 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Universal by 2,841.9% during the first quarter. Envestnet Asset Management Inc. now owns 171,983 shares of the company’s stock worth $39,000 after acquiring an additional 166,137 shares during the period. Finally, State Street Corp boosted its holdings in 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 buying an additional 114,160 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Universal from a “buy” rating to a “hold” rating in a report on Saturday, February 10th.

Get Our Latest Report on UVV

Universal Price Performance

Shares of UVV stock opened at $50.73 on Wednesday. Universal Co. has a twelve month low of $44.40 and a twelve month high of $67.80. The company has a current ratio of 3.22, a quick ratio of 1.29 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.25 billion, a PE ratio of 9.55 and a beta of 0.79. The firm has a fifty day simple moving average of $52.07 and a 200-day simple moving average of $53.66.

Universal (NYSE:UVVGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter. Universal had a net margin of 4.98% and a return on equity of 7.46%. The company had revenue of $821.51 million for the quarter.

Universal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Monday, April 8th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend is Friday, April 5th. Universal’s dividend payout ratio (DPR) is presently 60.26%.

Universal Profile

(Free Report)

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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