Exchange Traded Concepts LLC Has $742,000 Stock Position in Universal Co. (NYSE:UVV)

Exchange Traded Concepts LLC reduced its holdings in shares of Universal Co. (NYSE:UVV) by 55.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,962 shares of the company’s stock after selling 17,193 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Universal were worth $742,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UVV. First Hawaiian Bank grew its holdings in shares of Universal by 13.9% during the first quarter. First Hawaiian Bank now owns 14,063 shares of the company’s stock valued at $727,000 after buying an additional 1,713 shares during the last quarter. Insight Folios Inc boosted its holdings in Universal by 4.1% during the first quarter. Insight Folios Inc now owns 112,210 shares of the company’s stock worth $5,804,000 after purchasing an additional 4,469 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Universal by 3.8% during the first quarter. Principal Financial Group Inc. now owns 132,768 shares of the company’s stock worth $6,867,000 after purchasing an additional 4,826 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Universal by 80.1% during the first quarter. BNP Paribas Financial Markets now owns 12,034 shares of the company’s stock worth $622,000 after purchasing an additional 5,352 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in Universal during the first quarter worth about $903,000. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Universal Stock Down 1.9 %

Universal stock opened at $50.37 on Friday. Universal Co. has a fifty-two week low of $44.40 and a fifty-two week high of $67.80. The stock has a market cap of $1.24 billion, a PE ratio of 10.36 and a beta of 0.77. The firm’s 50-day simple moving average is $52.39 and its 200 day simple moving average is $50.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60.

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

Universal Announces Dividend

The business 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 $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Friday, October 11th. Universal’s payout ratio is 66.67%.

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.