Universal Co. (NYSE:UVV) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of Universal Co. (NYSE:UVVFree Report) by 21.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,682 shares of the company’s stock after selling 1,873 shares during the quarter. BNP Paribas Financial Markets’ holdings in Universal were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its position in Universal by 1.8% during the fourth quarter. Teacher Retirement System of Texas now owns 12,188 shares of the company’s stock worth $820,000 after buying an additional 216 shares during the period. Charles Schwab Investment Management Inc. grew its position in Universal by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 483,175 shares of the company’s stock worth $32,527,000 after buying an additional 5,930 shares during the period. First National Trust Co grew its position in shares of Universal by 93.4% in the fourth quarter. First National Trust Co now owns 9,752 shares of the company’s stock valued at $657,000 after purchasing an additional 4,710 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Universal by 8.0% in the fourth quarter. Victory Capital Management Inc. now owns 378,376 shares of the company’s stock valued at $25,472,000 after purchasing an additional 28,016 shares during the last quarter. Finally, Disciplined Equity Management Inc. acquired a new stake in shares of Universal in the fourth quarter valued at approximately $135,000. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Universal Stock Up 1.4 %

UVV stock opened at $47.96 on Monday. The company’s 50 day simple moving average is $50.91 and its 200-day simple moving average is $54.65. The firm has a market capitalization of $1.18 billion, a PE ratio of 10.05 and a beta of 0.79. Universal Co. has a 12 month low of $44.40 and a 12 month high of $67.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.96 and a quick ratio of 1.18.

Universal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 8th will be paid a dividend of $0.81 per share. This is an increase from Universal’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.24 annualized dividend and a dividend yield of 6.76%. Universal’s dividend payout ratio is presently 67.09%.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on UVV

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.

Further Reading

Institutional Ownership by Quarter for Universal (NYSE:UVV)

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