Jones Financial Companies Lllp Purchases Shares of 1,014 Universal Co. (NYSE:UVV)

Jones Financial Companies Lllp bought a new stake in Universal Co. (NYSE:UVV) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,014 shares of the company’s stock, valued at approximately $56,000.

Other hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Universal by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 566,356 shares of the company’s stock valued at $30,085,000 after acquiring an additional 3,578 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Universal by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 542,683 shares of the company’s stock valued at $28,822,000 after buying an additional 24,089 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Universal by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 386,913 shares of the company’s stock valued at $21,218,000 after purchasing an additional 27,480 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings 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 Trading Up 0.5 %

Shares of UVV stock opened at $55.63 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 2.60 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.37 billion, a P/E ratio of 11.45 and a beta of 0.79. Universal Co. has a 12-month low of $45.19 and a 12-month high of $59.13. The firm has a 50-day moving average price of $52.83 and a 200 day moving average price of $53.21.

Universal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be given a $0.81 dividend. The ex-dividend date is Monday, April 14th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 5.82%. Universal’s payout ratio is presently 66.67%.

About Universal

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.