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

Nisa Investment Advisors LLC raised its holdings in shares of Universal Co. (NYSE:UVV) by 14.8% in the 4th quarter, HoldingsChannel reports. The fund owned 20,553 shares of the company’s stock after buying an additional 2,648 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Universal were worth $1,127,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. nVerses Capital LLC lifted its stake in 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 during the last quarter. Martingale Asset Management L P raised its holdings in Universal by 0.7% during the third quarter. Martingale Asset Management L P now owns 28,339 shares of the company’s stock worth $1,505,000 after purchasing an additional 200 shares in the last quarter. SteelPeak Wealth LLC lifted its position in shares of Universal by 6.6% during the 3rd quarter. SteelPeak Wealth LLC now owns 4,648 shares of the company’s stock worth $247,000 after buying an additional 286 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Universal by 82.6% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the company’s stock valued at $36,000 after buying an additional 304 shares in the last quarter. Finally, Fulcrum Equity Management grew its position in shares of Universal by 4.5% in the 3rd quarter. Fulcrum Equity Management now owns 8,723 shares of the company’s stock valued at $463,000 after buying an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 81.00% of the company’s stock.

Universal Price Performance

Shares of NYSE:UVV opened at $54.03 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96. Universal Co. has a 12 month low of $45.19 and a 12 month high of $59.91. The firm has a market capitalization of $1.33 billion, a P/E ratio of 11.12 and a beta of 0.80. The company’s fifty day moving average price is $54.37 and its 200 day moving average price is $52.83.

Universal declared that its board has approved a stock repurchase program on Thursday, November 7th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Universal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Monday, January 13th. Universal’s 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.