Boston Partners boosted its position in Universal Corporation (NYSE:UVV) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 423,225 shares of the company’s stock after purchasing an additional 10,360 shares during the period. Boston Partners owned about 1.67% of Universal Corporation worth $24,251,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Chicago Equity Partners LLC boosted its position in Universal Corporation by 19.2% in the third quarter. Chicago Equity Partners LLC now owns 25,935 shares of the company’s stock worth $1,486,000 after purchasing an additional 4,170 shares during the last quarter. USA Mutuals Advisors Inc. boosted its position in Universal Corporation by 173.8% in the third quarter. USA Mutuals Advisors Inc. now owns 28,754 shares of the company’s stock worth $1,648,000 after purchasing an additional 18,254 shares during the last quarter. Nationwide Fund Advisors boosted its position in Universal Corporation by 23.3% in the third quarter. Nationwide Fund Advisors now owns 41,150 shares of the company’s stock worth $2,358,000 after purchasing an additional 7,769 shares during the last quarter. Alpha Windward LLC boosted its position in Universal Corporation by 26.2% in the third quarter. Alpha Windward LLC now owns 8,100 shares of the company’s stock worth $464,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Adams Asset Advisors LLC boosted its position in Universal Corporation by 58.2% in the third quarter. Adams Asset Advisors LLC now owns 100,656 shares of the company’s stock worth $5,767,000 after purchasing an additional 37,034 shares during the last quarter. 89.34% of the stock is currently owned by institutional investors and hedge funds.
Universal Corporation (NYSE:UVV) opened at $56.80 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.60 and a quick ratio of 2.18. Universal Corporation has a 12 month low of $52.35 and a 12 month high of $83.35. The company has a market capitalization of $1,423.98, a PE ratio of 13.01 and a beta of 1.42.
Universal Corporation (NYSE:UVV) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.02 EPS for the quarter. Universal Corporation had a return on equity of 14.16% and a net margin of 5.56%. The firm had revenue of $488.25 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Monday, January 8th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, January 5th. This represents a $2.20 annualized dividend and a dividend yield of 3.87%. This is an increase from Universal Corporation’s previous quarterly dividend of $0.54. Universal Corporation’s dividend payout ratio (DPR) is 150.00%.
Universal Corporation announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 7th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
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Separately, BidaskClub raised Universal Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.
In other news, Director John B. Adams, Jr. sold 611 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $58.45, for a total value of $35,712.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James A. Huffman sold 3,107 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $58.35, for a total value of $181,293.45. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.
About Universal Corporation
Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.
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