SummerHaven Investment Management LLC Has $978,000 Position in Universal Corporation $UVV

SummerHaven Investment Management LLC increased its holdings in shares of Universal Corporation (NYSE:UVV) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,786 shares of the company’s stock after acquiring an additional 267 shares during the period. SummerHaven Investment Management LLC’s holdings in Universal were worth $978,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Universal by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,929,721 shares of the company’s stock valued at $164,211,000 after acquiring an additional 16,170 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Universal by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 582,530 shares of the company’s stock valued at $32,651,000 after acquiring an additional 7,402 shares in the last quarter. Boston Partners boosted its position in shares of Universal by 19.4% during the 1st quarter. Boston Partners now owns 340,281 shares of the company’s stock valued at $18,918,000 after acquiring an additional 55,170 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Universal by 0.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 265,472 shares of the company’s stock valued at $14,880,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Universal by 1.6% in the first quarter. Advisors Asset Management Inc. now owns 227,153 shares of the company’s stock valued at $12,732,000 after buying an additional 3,547 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Universal Trading Up 2.7%

Shares of NYSE UVV opened at $56.40 on Monday. Universal Corporation has a 1-year low of $49.40 and a 1-year high of $67.33. The company has a market cap of $1.40 billion, a PE ratio of 13.72, a P/E/G ratio of 6.32 and a beta of 0.75. The company has a current ratio of 2.49, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $54.83 and a two-hundred day moving average of $56.28.

Universal (NYSE:UVV) last announced its earnings results on Wednesday, August 6th. The company reported $0.38 earnings per share for the quarter. Universal had a net margin of 3.51% and a return on equity of 8.46%. The company had revenue of $593.76 million during the quarter.

Universal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Monday, October 13th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.8%. Universal’s payout ratio is currently 79.81%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Universal from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Zacks Research upgraded shares of Universal to a “hold” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In related news, Director Robert C. Sledd sold 4,617 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $53.25, for a total transaction of $245,855.25. Following the completion of the sale, the director directly owned 15,698 shares of the company’s stock, valued at $835,918.50. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Airton L. Hentschke sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $54.94, for a total transaction of $549,400.00. Following the sale, the chief operating officer directly owned 135,129 shares of the company’s stock, valued at approximately $7,423,987.26. This trade represents a 6.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,417 shares of company stock valued at $943,347. Insiders own 1.90% of the company’s stock.

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.