Barclays PLC Has $2.16 Million Stock Position in Universal Co. (NYSE:UVV)

Barclays PLC boosted its stake in Universal Co. (NYSE:UVV) by 341.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,565 shares of the company’s stock after acquiring an additional 31,370 shares during the period. Barclays PLC owned 0.16% of Universal worth $2,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in shares of Universal by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the company’s stock valued at $598,000 after purchasing an additional 200 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Universal in the second quarter valued at approximately $276,000. nVerses Capital LLC bought a new position in shares of Universal during the 2nd quarter worth approximately $43,000. First National Trust Co grew its position in shares of Universal by 32.5% during the 2nd quarter. First National Trust Co now owns 19,817 shares of the company’s stock worth $955,000 after buying an additional 4,858 shares during the period. Finally, Texas Permanent School Fund Corp grew its position in shares of Universal by 23.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 26,610 shares of the company’s stock worth $1,282,000 after buying an additional 5,104 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.

Universal Stock Up 0.1 %

Universal stock opened at $54.83 on Friday. The company has a market capitalization of $1.35 billion, a PE ratio of 11.28 and a beta of 0.81. Universal Co. has a 12-month low of $45.19 and a 12-month high of $67.80. The firm’s fifty day moving average is $54.12 and its 200 day moving average is $52.04. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43.

Universal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $3.24 annualized dividend and a dividend yield of 5.91%. Universal’s dividend payout ratio is 66.67%.

Universal declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.