Universal Co. (NYSE:UVV) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Universal Co. (NYSE:UVV) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,472 shares of the company’s stock after purchasing an additional 1,830 shares during the period. Victory Capital Management Inc. owned about 0.10% of Universal worth $1,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. ProShare Advisors LLC lifted its stake in Universal by 69.1% in the second quarter. ProShare Advisors LLC now owns 273,280 shares of the company’s stock valued at $13,169,000 after buying an additional 111,691 shares during the last quarter. Boston Partners acquired a new stake in shares of Universal in the 1st quarter worth about $12,273,000. Insight Folios Inc lifted its position in Universal by 7.1% in the 3rd quarter. Insight Folios Inc now owns 123,842 shares of the company’s stock valued at $6,577,000 after purchasing an additional 8,222 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Universal by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 54,086 shares of the company’s stock valued at $2,606,000 after purchasing an additional 3,716 shares during the period. Finally, Texas Permanent School Fund Corp grew its position in Universal by 23.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 26,610 shares of the company’s stock worth $1,282,000 after purchasing an additional 5,104 shares during the last quarter. 81.00% of the stock is owned by institutional investors and hedge funds.

Universal Stock Down 2.4 %

UVV opened at $56.59 on Wednesday. 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 Co. has a 12 month low of $45.19 and a 12 month high of $67.80. The stock’s 50 day moving average price is $52.39 and its 200 day moving average price is $51.11. The stock has a market cap of $1.40 billion, a P/E ratio of 11.64 and a beta of 0.77.

Universal declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Universal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 5.73%. The ex-dividend date is Monday, January 13th. Universal’s payout ratio is currently 66.67%.

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.