Charles Schwab Investment Management Inc. Buys 32,445 Shares of Universal Co. (NYSE:UVV)

Charles Schwab Investment Management Inc. raised its stake in shares of Universal Co. (NYSE:UVV) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 575,128 shares of the company’s stock after purchasing an additional 32,445 shares during the period. Charles Schwab Investment Management Inc. owned 2.33% of Universal worth $31,540,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UVV. Wilmington Savings Fund Society FSB bought a new position in Universal during the 3rd quarter worth $48,000. Jones Financial Companies Lllp bought a new position in Universal during the 4th quarter worth $56,000. KBC Group NV raised its position in Universal by 57.8% during the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $61,000 after purchasing an additional 418 shares during the last quarter. US Bancorp DE grew its holdings in Universal by 325.7% during the 4th quarter. US Bancorp DE now owns 1,758 shares of the company’s stock worth $96,000 after acquiring an additional 1,345 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Universal during the 4th quarter worth about $111,000. 81.00% of the stock is owned by institutional investors.

Universal Stock Performance

Shares of Universal stock opened at $55.30 on Monday. The company has a current ratio of 2.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $52.77 and a two-hundred day moving average price of $53.20. Universal Co. has a 1-year low of $45.19 and a 1-year high of $59.13. The company has a market cap of $1.37 billion, a P/E ratio of 11.38 and a beta of 0.79.

Universal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $3.24 dividend on an annualized basis and a yield of 5.86%. Universal’s payout ratio is currently 66.67%.

About Universal

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.