Cubist Systematic Strategies LLC lessened its position in shares of Universal Corp (NYSE:UVV) by 24.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,366 shares of the company’s stock after selling 2,448 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Universal were worth $422,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. grew its stake in shares of Universal by 122.2% in the 2nd quarter. Sei Investments Co. now owns 11,841 shares of the company’s stock valued at $766,000 after purchasing an additional 6,513 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Universal by 9.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 245,758 shares of the company’s stock valued at $15,901,000 after purchasing an additional 20,760 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Universal by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 46,776 shares of the company’s stock valued at $3,026,000 after purchasing an additional 1,539 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Universal by 107.7% in the 2nd quarter. SG Americas Securities LLC now owns 6,608 shares of the company’s stock valued at $428,000 after purchasing an additional 3,427 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Universal by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 66,878 shares of the company’s stock valued at $4,323,000 after purchasing an additional 3,214 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.
Universal Corp (NYSE UVV) opened at $52.50 on Monday. Universal Corp has a 12 month low of $52.05 and a 12 month high of $83.35. The firm has a market capitalization of $1,318.50, a P/E ratio of 36.46 and a beta of 1.38. The company has a quick ratio of 2.18, a current ratio of 5.60 and a debt-to-equity ratio of 0.28.
Universal (NYSE:UVV) last announced its earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share for the quarter. Universal had a return on equity of 14.16% and a net margin of 5.56%. The company had revenue of $488.25 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Monday, January 8th will be paid a $0.55 dividend. This is an increase from Universal’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Friday, January 5th. Universal’s dividend payout ratio (DPR) is 150.00%.
Universal announced that its board has approved a stock repurchase plan on Tuesday, November 7th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other Universal news, Director John B. Adams, Jr. sold 848 shares of Universal stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $52.50, for a total value of $44,520.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Sledd sold 1,755 shares of Universal stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $55.26, for a total value of $96,981.30. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
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Universal Company Profile
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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