Allspring Global Investments Holdings LLC Has $1.49 Million Holdings in Universal Co. (NYSE:UVV)

Allspring Global Investments Holdings LLC lessened its position in shares of Universal Co. (NYSE:UVV) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,941 shares of the company’s stock after selling 1,702 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.13% of Universal worth $1,491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capstone Investment Advisors LLC bought a new stake in Universal in the 1st quarter valued at $903,000. O Shaughnessy Asset Management LLC increased its position in Universal by 183.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 53,600 shares of the company’s stock worth $2,772,000 after buying an additional 34,659 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Universal during the first quarter worth $534,000. Chesapeake Capital Corp IL bought a new stake in shares of Universal in the fourth quarter valued at about $1,034,000. Finally, Boston Partners acquired a new position in shares of Universal in the first quarter valued at about $12,273,000. Institutional investors and hedge funds own 81.00% of the company’s stock.

Universal Price Performance

Shares of Universal stock opened at $53.63 on Wednesday. The company has a 50-day simple moving average of $51.08 and a two-hundred day simple moving average of $50.33. Universal Co. has a twelve month low of $44.40 and a twelve month high of $67.80. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.24 and a beta of 0.78. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43.

Universal (NYSE:UVV) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $597.05 million during the quarter. Universal had a return on equity of 8.92% and a net margin of 4.31%.

Universal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 14th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date is Friday, October 11th. Universal’s payout ratio is currently 67.92%.

About Universal

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.