ProShare Advisors LLC Reduces Position in Universal Co. (NYSE:UVV)

ProShare Advisors LLC cut its stake in Universal Co. (NYSE:UVV) by 48.3% during the fourth quarter, HoldingsChannel reports. The firm owned 145,234 shares of the company’s stock after selling 135,604 shares during the period. ProShare Advisors LLC’s holdings in Universal were worth $7,965,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UVV. Sterling Capital Management LLC increased its holdings in shares of Universal by 828.9% in the 4th quarter. Sterling Capital Management LLC now owns 771 shares of the company’s stock valued at $42,000 after acquiring an additional 688 shares during the period. Jones Financial Companies Lllp bought a new stake in Universal during the fourth quarter valued at about $56,000. US Bancorp DE grew its stake in Universal by 325.7% in the fourth quarter. US Bancorp DE now owns 1,758 shares of the company’s stock valued at $96,000 after purchasing an additional 1,345 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Universal in the fourth quarter worth about $111,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Universal by 68.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock valued at $167,000 after buying an additional 1,242 shares during the last quarter. 81.00% of the stock is currently owned by hedge funds and other institutional investors.

Universal Stock Up 1.3%

NYSE:UVV opened at $57.13 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60. The stock has a market capitalization of $1.41 billion, a P/E ratio of 11.76 and a beta of 0.71. The company’s 50-day simple moving average is $55.17 and its 200-day simple moving average is $54.29. Universal Co. has a fifty-two week low of $45.19 and a fifty-two week high of $59.83.

Universal (NYSE:UVV) last announced its earnings results on Monday, April 21st. The company reported $2.37 earnings per share for the quarter. Universal had a net margin of 4.31% and a return on equity of 8.92%. The company had revenue of $937.19 million during the quarter.

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.