Universal Co. (NYSE:UVV) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in shares of Universal Co. (NYSE:UVV) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 172,574 shares of the company’s stock after selling 31,662 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.70% of Universal worth $9,464,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Universal by 82.6% during the third quarter. GAMMA Investing LLC now owns 672 shares of the company’s stock worth $36,000 after purchasing an additional 304 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Universal in the 3rd quarter valued at $48,000. nVerses Capital LLC lifted its stake in shares of Universal by 22.2% during the third quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares in the last quarter. KBC Group NV lifted its position in Universal by 57.8% during the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $61,000 after acquiring an additional 418 shares in the last quarter. Finally, Sittner & Nelson LLC purchased a new position in shares of Universal in the third quarter valued at $119,000. 81.00% of the stock is owned by hedge funds and other institutional investors.

Universal Trading Down 0.7 %

NYSE:UVV opened at $53.14 on Monday. Universal Co. has a one year low of $45.19 and a one year high of $59.91. The business’s 50-day simple moving average is $54.17 and its 200 day simple moving average is $52.97. 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 cap of $1.31 billion, a price-to-earnings ratio of 10.93 and a beta of 0.80.

Universal announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Universal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Monday, January 13th. Universal’s payout ratio is currently 66.67%.

Universal 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.