Advisors Asset Management Inc. Has $8.77 Million Position in Universal Corporation $UVV

Advisors Asset Management Inc. reduced its position in Universal Corporation (NYSE:UVV) by 20.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,021 shares of the company’s stock after selling 41,397 shares during the period. Advisors Asset Management Inc. owned about 0.63% of Universal worth $8,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UVV. EverSource Wealth Advisors LLC boosted its stake in shares of Universal by 265.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 719 shares of the company’s stock valued at $42,000 after purchasing an additional 522 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Universal in the 2nd quarter valued at $44,000. Hantz Financial Services Inc. lifted its stake in shares of Universal by 63.2% in the second quarter. Hantz Financial Services Inc. now owns 1,343 shares of the company’s stock worth $78,000 after acquiring an additional 520 shares during the period. CWM LLC lifted its position in shares of Universal by 32.6% during the 3rd quarter. CWM LLC now owns 1,522 shares of the company’s stock valued at $85,000 after acquiring an additional 374 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Universal by 14.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,123 shares of the company’s stock worth $119,000 after acquiring an additional 261 shares during the last quarter. 81.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UVV has been the subject of several analyst reports. Weiss Ratings downgraded Universal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 29th. Zacks Research downgraded Universal from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Universal Stock Performance

Shares of Universal stock opened at $52.80 on Thursday. The business’s 50 day moving average price is $54.28 and its 200 day moving average price is $54.05. Universal Corporation has a one year low of $49.96 and a one year high of $67.33. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 2.72 and a beta of 0.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.06 and a current ratio of 2.91.

Universal (NYSE:UVV) last released its quarterly earnings data on Monday, February 9th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.57). The business had revenue of $861.29 million for the quarter, compared to analyst estimates of $927.20 million. Universal had a return on equity of 6.49% and a net margin of 2.93%.

Universal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Wednesday, April 15th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, April 15th. Universal’s dividend payout ratio (DPR) is presently 96.76%.

Universal Company Profile

Universal Corporation (NYSE: UVV) is a global agribusiness company primarily engaged in the procurement, processing and sale of leaf tobacco. Headquartered in Richmond, Virginia, the company sources cured leaf tobacco from key growing regions in North and South America, Africa and Asia. Universal serves major multinational tobacco manufacturers by providing a full range of services including inventory management, quality control and logistics support to ensure a consistent and reliable supply of tobacco leaf.

In addition to its core leaf tobacco operations, Universal offers integrated supply-chain services that encompass warehousing, distribution and ingredient sourcing for smokeless and novel tobacco products.