Schroder Investment Management Group raised its holdings in shares of Universal Corporation (NYSE:UVV) by 9.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 600,828 shares of the company’s stock after acquiring an additional 53,345 shares during the quarter. Schroder Investment Management Group owned approximately 2.38% of Universal Corporation worth $38,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of UVV. Bowling Portfolio Management LLC purchased a new position in shares of Universal Corporation during the 2nd quarter worth $1,504,000. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Universal Corporation by 21.0% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 124,890 shares of the company’s stock worth $8,080,000 after acquiring an additional 21,654 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Universal Corporation by 9.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 245,758 shares of the company’s stock worth $15,901,000 after acquiring an additional 20,760 shares during the last quarter. Boston Partners boosted its stake in shares of Universal Corporation by 2.3% during the 2nd quarter. Boston Partners now owns 412,865 shares of the company’s stock worth $26,712,000 after acquiring an additional 9,218 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Universal Corporation by 122.2% during the 2nd quarter. Sei Investments Co. now owns 11,841 shares of the company’s stock worth $766,000 after acquiring an additional 6,513 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.
Universal Corporation (NYSE UVV) opened at 56.15 on Monday. The stock has a market cap of $1.42 billion, a PE ratio of 40.93 and a beta of 1.43. The company’s 50 day moving average is $59.13 and its 200-day moving average is $66.19. Universal Corporation has a 1-year low of $52.40 and a 1-year high of $83.35.
Universal Corporation (NYSE:UVV) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $284.62 million for the quarter. Universal Corporation had a net margin of 5.60% and a return on equity of 14.36%. Equities research analysts forecast that Universal Corporation will post $3.70 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Tuesday, October 10th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.85%. Universal Corporation’s payout ratio is currently 163.64%.
Several brokerages have recently weighed in on UVV. TheStreet cut shares of Universal Corporation from an “a” rating to a “c+” rating in a research note on Tuesday, May 23rd. BidaskClub cut shares of Universal Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd.
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In related news, CFO David C. Moore sold 6,335 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $66.61, for a total transaction of $421,974.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James A. Huffman sold 3,107 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $58.35, for a total transaction of $181,293.45. The disclosure for this sale can be found here. Insiders sold 11,053 shares of company stock worth $704,731 in the last quarter. Company insiders own 2.30% of the company’s stock.
Universal Corporation Company Profile
Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.
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