Rhumbline Advisers Sells 1,496 Shares of Universal Co. (NYSE:UVV)

Rhumbline Advisers lessened its position in shares of Universal Co. (NYSE:UVV) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,900 shares of the company’s stock after selling 1,496 shares during the period. Rhumbline Advisers owned approximately 0.27% of Universal worth $3,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in UVV. Charles Schwab Investment Management Inc. lifted its holdings in shares of Universal by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 483,175 shares of the company’s stock worth $32,527,000 after acquiring an additional 5,930 shares during the period. Teacher Retirement System of Texas lifted its stake in Universal by 1.8% in the 4th quarter. Teacher Retirement System of Texas now owns 12,188 shares of the company’s stock valued at $820,000 after purchasing an additional 216 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Universal by 242.0% in the 4th quarter. Quadrant Capital Group LLC now owns 383 shares of the company’s stock valued at $26,000 after purchasing an additional 271 shares during the last quarter. Independent Advisor Alliance bought a new position in Universal in the 4th quarter valued at approximately $220,000. Finally, Trexquant Investment LP bought a new position in Universal in the 4th quarter valued at approximately $1,644,000. Institutional investors own 81.00% of the company’s stock.

Universal Price Performance

Shares of NYSE:UVV opened at $51.68 on Wednesday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 10.83 and a beta of 0.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $52.08 and a 200 day simple moving average of $50.58. Universal Co. has a one year low of $44.40 and a one year high of $67.80.

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

Universal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 14th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 6.27%. The ex-dividend date is Friday, October 11th. Universal’s payout ratio is 67.92%.

Universal Company 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.