Bank of New York Mellon Corp Boosts Stake in Universal Co. (NYSE:UVV)

Bank of New York Mellon Corp increased its holdings in shares of Universal Co. (NYSE:UVV) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 386,913 shares of the company’s stock after acquiring an additional 27,480 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.57% of Universal worth $21,218,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Universal during the third quarter valued at approximately $48,000. KBC Group NV grew its position in Universal by 57.8% in the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $61,000 after buying an additional 418 shares during the last quarter. Blue Trust Inc. grew its position in Universal by 30.4% during the 4th quarter. Blue Trust Inc. now owns 3,303 shares of the company’s stock worth $175,000 after purchasing an additional 770 shares in the last quarter. Sunbelt Securities Inc. grew its position in Universal by 39.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,783 shares of the company’s stock worth $201,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Corps Capital Advisors LLC purchased a new position in Universal during the 4th quarter worth approximately $274,000. Institutional investors and hedge funds own 81.00% of the company’s stock.

Universal Trading Down 1.1 %

Shares of NYSE:UVV opened at $54.22 on Tuesday. The firm has a fifty day moving average of $52.79 and a two-hundred day moving average of $53.20. The firm has a market capitalization of $1.34 billion, a P/E ratio of 11.16 and a beta of 0.79. Universal Co. has a 12-month low of $45.19 and a 12-month high of $59.13. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Monday, April 14th. Universal’s dividend payout ratio (DPR) is currently 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.