International Assets Investment Management LLC Has $130,000 Holdings in Universal Co. (NYSE:UVV)

International Assets Investment Management LLC raised its holdings in Universal Co. (NYSE:UVV) by 5,210.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,443 shares of the company’s stock after acquiring an additional 2,397 shares during the period. International Assets Investment Management LLC’s holdings in Universal were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its holdings 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. nVerses Capital LLC raised its holdings in Universal by 22.2% during the 3rd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $58,000 after buying an additional 200 shares during the period. Keene & Associates Inc. lifted its stake in Universal by 3.2% in the second quarter. Keene & Associates Inc. now owns 7,005 shares of the company’s stock valued at $338,000 after buying an additional 220 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of Universal by 41.7% in the second quarter. AlphaMark Advisors LLC now owns 850 shares of the company’s stock valued at $41,000 after buying an additional 250 shares during the period. Finally, Texas Permanent School Fund Corp increased its position in shares of Universal by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 21,506 shares of the company’s stock worth $1,112,000 after acquiring an additional 290 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors.

Universal Trading Down 3.0 %

Shares of NYSE:UVV opened at $52.04 on Friday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 10.71 and a beta of 0.77. Universal Co. has a 12 month low of $45.19 and a 12 month high of $67.80. The company’s fifty day simple moving average is $51.76 and its 200 day simple moving average is $50.90. 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 (NYSE:UVV) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $597.05 million for the quarter. Universal had a return on equity of 8.92% and a net margin of 4.31%.

Universal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 6.23%. Universal’s dividend payout ratio is presently 66.67%.

Universal declared that its board has authorized a share repurchase program on Thursday, November 7th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.