Hsbc Holdings PLC Reduces Holdings in Universal Co. (NYSE:UVV)

Hsbc Holdings PLC reduced its stake in Universal Co. (NYSE:UVV) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,284 shares of the company’s stock after selling 386 shares during the quarter. Hsbc Holdings PLC’s holdings in Universal were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Boston Partners purchased a new position in shares of Universal in the first quarter worth $12,273,000. ProShare Advisors LLC lifted its position in Universal by 17.6% during the 1st quarter. ProShare Advisors LLC now owns 161,589 shares of the company’s stock worth $8,357,000 after acquiring an additional 24,156 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Universal by 3.8% in the first quarter. Principal Financial Group Inc. now owns 132,768 shares of the company’s stock valued at $6,867,000 after purchasing an additional 4,826 shares during the period. Insight Folios Inc lifted its holdings in shares of Universal by 4.1% during the first quarter. Insight Folios Inc now owns 112,210 shares of the company’s stock worth $5,804,000 after purchasing an additional 4,469 shares during the period. Finally, Wintrust Investments LLC boosted its position in Universal by 6.9% in the first quarter. Wintrust Investments LLC now owns 54,255 shares of the company’s stock valued at $2,806,000 after buying an additional 3,500 shares during the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Universal Stock Performance

UVV opened at $52.50 on Friday. The company has a current ratio of 2.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. Universal Co. has a 12-month low of $44.40 and a 12-month high of $67.80. The firm has a 50 day moving average of $52.54 and a two-hundred day moving average of $50.79. The firm has a market capitalization of $1.29 billion, a PE ratio of 11.01 and a beta of 0.77.

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

Universal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, October 14th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date is Friday, October 11th. Universal’s payout ratio is presently 67.92%.

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.