PNC Financial Services Group Inc. Grows Stock Holdings in Universal Co. (NYSE:UVV)

PNC Financial Services Group Inc. raised its stake in shares of Universal Co. (NYSE:UVV) by 68.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,052 shares of the company’s stock after acquiring an additional 1,242 shares during the period. PNC Financial Services Group Inc.’s holdings in Universal were worth $167,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UVV. Wilmington Savings Fund Society FSB purchased a new stake in shares of Universal during the third quarter worth approximately $48,000. Jones Financial Companies Lllp purchased a new position in Universal during the 4th quarter worth $56,000. KBC Group NV lifted its stake in shares of Universal by 57.8% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $61,000 after acquiring an additional 418 shares during the period. US Bancorp DE boosted its holdings in shares of Universal by 325.7% in the fourth quarter. US Bancorp DE now owns 1,758 shares of the company’s stock valued at $96,000 after acquiring an additional 1,345 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Universal during the fourth quarter worth about $111,000. 81.00% of the stock is owned by institutional investors and hedge funds.

Universal Price Performance

Shares of NYSE:UVV opened at $53.92 on Monday. Universal Co. has a 52 week low of $45.19 and a 52 week high of $59.13. The company has a 50-day moving average price of $53.11 and a 200 day moving average price of $53.25. The company has a market cap of $1.33 billion, a P/E ratio of 11.09 and a beta of 0.79. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 6.01%. Universal’s dividend payout ratio (DPR) is presently 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.