Amalgamated Bank Sells 192 Shares of Universal Co. (NYSE:UVV)

Amalgamated Bank reduced its stake in Universal Co. (NYSE:UVV) by 2.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,482 shares of the company’s stock after selling 192 shares during the quarter. Amalgamated Bank’s holdings in Universal were worth $361,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Capstone Investment Advisors LLC bought a new stake in shares of Universal during the 1st quarter valued at $903,000. O Shaughnessy Asset Management LLC increased its holdings in Universal by 183.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 53,600 shares of the company’s stock valued at $2,772,000 after buying an additional 34,659 shares during the period. Quantbot Technologies LP bought a new position in Universal in the 1st quarter valued at about $534,000. Boston Partners acquired a new position in shares of Universal in the 1st quarter valued at approximately $12,273,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Universal by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 12,034 shares of the company’s stock worth $622,000 after acquiring an additional 5,352 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.

Universal Stock Performance

Shares of NYSE:UVV opened at $53.39 on Monday. Universal Co. has a 1 year low of $44.40 and a 1 year high of $67.80. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96. The company’s 50 day simple moving average is $52.57 and its 200 day simple moving average is $50.73.

Universal (NYSE:UVV) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Universal had a return on equity of 8.92% and a net margin of 4.31%. The company had revenue of $597.05 million for the quarter.

Universal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, October 14th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 6.07%. The ex-dividend date is Friday, October 11th. Universal’s payout ratio is 67.92%.

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.