Geode Capital Management LLC Sells 5,708 Shares of Universal Co. (NYSE:UVV)

Geode Capital Management LLC lowered its position in Universal Co. (NYSE:UVV) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 560,648 shares of the company’s stock after selling 5,708 shares during the period. Geode Capital Management LLC owned 2.27% of Universal worth $30,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Heritage Wealth Advisors lifted its position in shares of Universal by 0.7% during the fourth quarter. Heritage Wealth Advisors now owns 26,605 shares of the company’s stock valued at $1,459,000 after purchasing an additional 189 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Universal by 4.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,186 shares of the company’s stock valued at $339,000 after purchasing an additional 250 shares during the period. Exchange Traded Concepts LLC increased its position in Universal by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 14,322 shares of the company’s stock worth $785,000 after buying an additional 360 shares during the last quarter. Fulcrum Equity Management raised its stake in shares of Universal by 4.5% in the third quarter. Fulcrum Equity Management now owns 8,723 shares of the company’s stock valued at $463,000 after buying an additional 375 shares during the period. Finally, SG Americas Securities LLC boosted its position in Universal by 6.5% during the fourth quarter. SG Americas Securities LLC now owns 9,166 shares of the company’s stock worth $503,000 after purchasing an additional 556 shares during the period. Institutional investors own 81.00% of the company’s stock.

Universal Price Performance

Shares of NYSE UVV opened at $50.85 on Thursday. Universal Co. has a fifty-two week low of $45.19 and a fifty-two week high of $59.13. The stock has a fifty day moving average of $53.83 and a 200-day moving average of $53.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60. The stock has a market cap of $1.26 billion, a PE ratio of 10.46 and a beta of 0.74.

Universal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 6.37%. The ex-dividend date is Monday, April 14th. Universal’s dividend payout ratio is presently 66.67%.

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.