Allspring Global Investments Holdings LLC Sells 7,404 Shares of Universal Co. (NYSE:UVV)

Allspring Global Investments Holdings LLC reduced its holdings in Universal Co. (NYSE:UVVFree Report) by 18.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,643 shares of the company’s stock after selling 7,404 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.13% of Universal worth $1,688,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UVV. Quadrature Capital Ltd increased its position in shares of Universal by 220.9% during the third quarter. Quadrature Capital Ltd now owns 13,692 shares of the company’s stock valued at $646,000 after purchasing an additional 9,425 shares during the period. Alps Advisors Inc. bought a new stake in shares of Universal during the third quarter valued at approximately $569,000. Gladius Capital Management LP increased its position in shares of Universal by 57.5% during the third quarter. Gladius Capital Management LP now owns 712 shares of the company’s stock valued at $34,000 after purchasing an additional 260 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Universal by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 27,331 shares of the company’s stock valued at $1,840,000 after purchasing an additional 215 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in shares of Universal during the fourth quarter valued at approximately $31,000. 81.00% of the stock is owned by institutional investors.

Universal Stock Performance

UVV opened at $47.52 on Thursday. The stock has a market cap of $1.17 billion, a PE ratio of 9.96 and a beta of 0.80. The company has a current ratio of 2.96, a quick ratio of 1.18 and a debt-to-equity ratio of 0.42. Universal Co. has a 1 year low of $44.40 and a 1 year high of $67.80. The stock’s 50 day simple moving average is $49.53 and its 200-day simple moving average is $53.00.

Universal (NYSE:UVVGet Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported $1.79 EPS for the quarter. The business had revenue of $770.86 million for the quarter. Universal had a return on equity of 8.81% and a net margin of 4.35%.

Universal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 8th will be paid a $0.81 dividend. This is a positive change 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 yield of 6.82%. Universal’s payout ratio is currently 67.09%.

About Universal

(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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