Universal Co. (NYSE:UVV) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of Universal Co. (NYSE:UVV) by 6,632.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,097 shares of the company’s stock after purchasing an additional 3,051 shares during the period. International Assets Investment Management LLC’s holdings in Universal were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UVV. Pacer Advisors Inc. acquired a new position in shares of Universal during the fourth quarter valued at approximately $71,187,000. Invesco Ltd. raised its stake in Universal by 21.7% in the 3rd quarter. Invesco Ltd. now owns 1,139,598 shares of the company’s stock valued at $53,800,000 after purchasing an additional 203,514 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Universal by 19.0% in the 3rd quarter. Pzena Investment Management LLC now owns 1,117,463 shares of the company’s stock valued at $52,755,000 after purchasing an additional 178,592 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Universal by 17,471.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 57,810 shares of the company’s stock worth $2,729,000 after purchasing an additional 57,481 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Universal by 18.5% during the third quarter. Victory Capital Management Inc. now owns 350,360 shares of the company’s stock worth $16,540,000 after buying an additional 54,602 shares in the last quarter. 81.00% of the stock is owned by hedge funds and other institutional investors.

Universal Price Performance

UVV stock opened at $50.80 on Monday. Universal Co. has a 1 year low of $44.40 and a 1 year high of $67.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.22 and a quick ratio of 1.29. The firm has a market capitalization of $1.25 billion, a PE ratio of 9.57 and a beta of 0.79. The business has a 50 day simple moving average of $50.07 and a 200-day simple moving average of $54.02.

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

Universal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 8th will be given a $0.80 dividend. The ex-dividend date is Friday, April 5th. This represents a $3.20 annualized dividend and a yield of 6.30%. Universal’s payout ratio is 60.26%.

Analyst Ratings Changes

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

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.