Universal Co. (NYSE:UVV) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in Universal Co. (NYSE:UVV) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,281 shares of the company’s stock after selling 1,660 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.12% of Universal worth $1,555,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UVV. Capstone Investment Advisors LLC acquired a new position in shares of Universal during the 1st quarter worth $903,000. O Shaughnessy Asset Management LLC boosted its holdings in Universal by 183.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 53,600 shares of the company’s stock worth $2,772,000 after buying an additional 34,659 shares in the last quarter. Quantbot Technologies LP acquired a new position in Universal during the first quarter worth about $534,000. Boston Partners purchased a new position in Universal in the 1st quarter valued at approximately $12,273,000. Finally, BNP Paribas Financial Markets increased its position in shares of Universal by 80.1% in the first quarter. BNP Paribas Financial Markets now owns 12,034 shares of the company’s stock valued at $622,000 after buying an additional 5,352 shares in the last quarter. Institutional investors and hedge funds own 81.00% of the company’s stock.

Universal Stock Up 2.2 %

Shares of NYSE UVV opened at $50.90 on Thursday. The firm’s 50-day moving average is $52.03 and its two-hundred day moving average is $50.83. The company has a market capitalization of $1.26 billion, a PE ratio of 10.47 and a beta of 0.77. Universal Co. has a 12-month low of $44.43 and a 12-month high of $67.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96.

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

Universal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 14th will be issued a dividend of $0.81 per share. The ex-dividend date is Friday, October 11th. This represents a $3.24 annualized dividend and a dividend yield of 6.37%. Universal’s payout ratio is 66.67%.

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.