US Bancorp DE Boosts Stock Position in Universal Co. (NYSE:UVV)

US Bancorp DE boosted its holdings in Universal Co. (NYSE:UVV) by 325.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,758 shares of the company’s stock after acquiring an additional 1,345 shares during the period. US Bancorp DE’s holdings in Universal were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew its stake in shares of Universal by 6.3% during the 3rd quarter. State Street Corp now owns 1,218,793 shares of the company’s stock worth $64,730,000 after acquiring an additional 71,773 shares during the period. Geode Capital Management LLC grew its stake in shares of Universal by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 566,356 shares of the company’s stock worth $30,085,000 after acquiring an additional 3,578 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Universal by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 542,683 shares of the company’s stock worth $28,822,000 after acquiring an additional 24,089 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Universal by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 386,913 shares of the company’s stock worth $21,218,000 after acquiring an additional 27,480 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Universal by 2.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 221,695 shares of the company’s stock worth $11,774,000 after acquiring an additional 4,986 shares during the period. Hedge funds and other institutional investors own 81.00% of the company’s stock.

Universal Stock Up 1.1 %

UVV stock opened at $55.30 on Monday. 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 company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.38 and a beta of 0.79. Universal Co. has a fifty-two week low of $45.19 and a fifty-two week high of $59.13. The stock has a fifty day moving average of $52.77 and a 200-day moving average of $53.20.

Universal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.81 per share. The ex-dividend date is Monday, April 14th. This represents a $3.24 annualized dividend and a dividend yield of 5.86%. 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.