Connor Clark & Lunn Investment Management Ltd. Has $323,000 Stock Holdings in Universal Co. (NYSE:UVV)

Connor Clark & Lunn Investment Management Ltd. decreased its position in Universal Co. (NYSE:UVV) by 55.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,893 shares of the company’s stock after selling 7,232 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Universal were worth $323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in shares of Universal by 30.4% in the 3rd quarter. Jane Street Group LLC now owns 49,849 shares of the company’s stock valued at $2,647,000 after purchasing an additional 11,612 shares during the last quarter. State Street Corp boosted its stake in Universal by 6.3% in the third quarter. State Street Corp now owns 1,218,793 shares of the company’s stock valued at $64,730,000 after acquiring an additional 71,773 shares during the last quarter. Barclays PLC grew its holdings in Universal by 341.2% during the 3rd quarter. Barclays PLC now owns 40,565 shares of the company’s stock worth $2,155,000 after acquiring an additional 31,370 shares during the period. BNP Paribas Financial Markets raised its position in shares of Universal by 85.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,020 shares of the company’s stock valued at $1,169,000 after acquiring an additional 10,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Universal by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 575,128 shares of the company’s stock valued at $31,540,000 after purchasing an additional 32,445 shares during the period. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Universal Trading Down 2.2 %

NYSE:UVV opened at $53.92 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. Universal Co. has a 1-year low of $45.19 and a 1-year high of $59.13. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.09 and a beta of 0.79. The business’s 50-day moving average price is $53.11 and its two-hundred day moving average price is $53.25.

Universal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 6.01%. The ex-dividend date is Monday, April 14th. Universal’s payout ratio is 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.