Universal Co. (NYSE:UVV) Holdings Trimmed by LPL Financial LLC

LPL Financial LLC reduced its holdings in Universal Co. (NYSE:UVV) by 11.4% during the fourth quarter, Holdings Channel reports. The firm owned 18,048 shares of the company’s stock after selling 2,327 shares during the period. LPL Financial LLC’s holdings in Universal were worth $990,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in Universal by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 575,128 shares of the company’s stock worth $31,540,000 after purchasing an additional 32,445 shares in the last quarter. Geode Capital Management LLC boosted its stake in Universal by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 566,356 shares of the company’s stock worth $30,085,000 after purchasing an additional 3,578 shares during the period. Bank of New York Mellon Corp raised its stake in Universal by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 386,913 shares of the company’s stock valued at $21,218,000 after purchasing an additional 27,480 shares during the period. Boston Partners lifted its holdings in shares of Universal by 5.6% in the fourth quarter. Boston Partners now owns 285,111 shares of the company’s stock valued at $15,343,000 after purchasing an additional 15,056 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Universal by 0.9% in the fourth quarter. Advisors Asset Management Inc. now owns 223,606 shares of the company’s stock worth $12,263,000 after buying an additional 1,911 shares during the period. 81.00% of the stock is owned by institutional investors.

Universal Price Performance

Shares of UVV opened at $51.65 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 10.63 and a beta of 0.74. The business’s 50-day moving average is $53.75 and its 200-day moving average is $53.44. Universal Co. has a fifty-two week low of $45.19 and a fifty-two week high of $59.13.

Universal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend is Monday, April 14th. Universal’s dividend payout ratio is currently 66.67%.

Universal Company Profile

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.