US Bancorp DE Buys 1,345 Shares of Universal Co. (NYSE:UVV)

US Bancorp DE increased its stake in shares of Universal Co. (NYSE:UVV) by 325.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,758 shares of the company’s stock after buying an additional 1,345 shares during the quarter. US Bancorp DE’s holdings in Universal were worth $96,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UVV. Victory Capital Management Inc. grew its holdings in Universal by 8.1% during the third quarter. Victory Capital Management Inc. now owns 24,472 shares of the company’s stock worth $1,300,000 after buying an additional 1,830 shares in the last quarter. KBC Group NV grew its holdings in Universal by 57.8% during 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 in the last quarter. Chesapeake Capital Corp IL bought a new stake in Universal during the third quarter worth $446,000. Segall Bryant & Hamill LLC grew its holdings in Universal by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 37,812 shares of the company’s stock worth $2,008,000 after buying an additional 772 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Universal during the third quarter worth $697,000. Institutional investors own 81.00% of the company’s stock.

Universal Trading Up 1.1 %

Shares of Universal stock opened at $55.30 on Monday. The stock has a fifty day simple moving average of $52.77 and a 200 day simple moving average of $53.20. The company has a current ratio of 2.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. Universal Co. has a 12-month low of $45.19 and a 12-month high of $59.13. The company has a market capitalization of $1.37 billion, a P/E ratio of 11.38 and a beta of 0.79.

Universal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be given a $0.81 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $3.24 annualized dividend and a yield of 5.86%. Universal’s dividend 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.