Universal Co. (NYSE:UVV) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Universal Co. (NYSE:UVV) by 47.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,580 shares of the company’s stock after acquiring an additional 6,936 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Universal worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings in shares of Universal by 828.9% during the fourth quarter. Sterling Capital Management LLC now owns 771 shares of the company’s stock worth $42,000 after buying an additional 688 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Universal in the 4th quarter worth approximately $56,000. US Bancorp DE raised its holdings in Universal by 325.7% in the 4th quarter. US Bancorp DE now owns 1,758 shares of the company’s stock valued at $96,000 after acquiring an additional 1,345 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Universal during the 4th quarter worth $111,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Universal by 68.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock worth $167,000 after purchasing an additional 1,242 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.

Universal Stock Up 1.1%

Shares of NYSE UVV opened at $59.26 on Monday. The stock has a market capitalization of $1.46 billion, a PE ratio of 12.19 and a beta of 0.71. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $55.52 and a 200-day moving average of $54.54. Universal Co. has a 52-week low of $45.19 and a 52-week high of $59.83.

Universal (NYSE:UVV) last posted its earnings results on Monday, April 21st. The company reported $2.37 earnings per share (EPS) for the quarter. Universal had a return on equity of 8.92% and a net margin of 4.31%. The business had revenue of $937.19 million during the quarter.

Universal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, July 14th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 5.53%. This is an increase from Universal’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, July 14th. Universal’s dividend payout ratio is 64.54%.

Universal 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.