Universal Co. (NYSE:UVV) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in shares of Universal Co. (NYSE:UVV) by 24.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,905 shares of the company’s stock after selling 5,848 shares during the period. Nisa Investment Advisors LLC’s holdings in Universal were worth $951,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in 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 in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Universal during the first quarter worth $903,000. Daiwa Securities Group Inc. increased its holdings in Universal by 76.0% in the first quarter. Daiwa Securities Group Inc. now owns 6,417 shares of the company’s stock valued at $332,000 after buying an additional 2,771 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in Universal by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 21,506 shares of the company’s stock valued at $1,112,000 after buying an additional 290 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Universal in the first quarter valued at $534,000. 81.00% of the stock is currently owned by hedge funds and other institutional investors.

Universal Trading Up 0.3 %

NYSE:UVV opened at $51.09 on Monday. Universal Co. has a 1 year low of $44.80 and a 1 year high of $67.80. The stock has a market cap of $1.26 billion, a P/E ratio of 10.51 and a beta of 0.77. 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 50-day simple moving average of $51.93 and a 200-day simple moving average of $50.86.

Universal (NYSE:UVV) last announced 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 firm had revenue of $597.05 million during the quarter.

Universal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 14th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $3.24 annualized dividend and a yield of 6.34%. Universal’s dividend payout ratio is currently 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.