Fmr LLC continued to hold its position in Universal Corporation (NYSE:UVV) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,045 shares of the company’s stock at the close of the 2nd quarter. Fmr LLC’s holdings in Universal Corporation were worth $391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Universal Corporation by 2.7% during the second quarter. Vanguard Group Inc. now owns 3,600,334 shares of the company’s stock valued at $232,942,000 after buying an additional 95,469 shares during the last quarter. BlackRock Inc. raised its position in shares of Universal Corporation by 3.3% during the second quarter. BlackRock Inc. now owns 3,244,363 shares of the company’s stock valued at $209,910,000 after buying an additional 104,494 shares during the last quarter. Northern Trust Corp raised its position in shares of Universal Corporation by 9.0% during the second quarter. Northern Trust Corp now owns 829,793 shares of the company’s stock valued at $53,688,000 after buying an additional 68,629 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Universal Corporation by 9.7% during the second quarter. Schroder Investment Management Group now owns 600,828 shares of the company’s stock valued at $38,303,000 after buying an additional 53,345 shares during the last quarter. Finally, Boston Partners raised its position in shares of Universal Corporation by 2.3% during the second quarter. Boston Partners now owns 412,865 shares of the company’s stock valued at $26,712,000 after buying an additional 9,218 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

In related news, insider James A. Huffman sold 3,107 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $58.35, for a total value of $181,293.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Adams, Jr. sold 611 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $58.45, for a total transaction of $35,712.95. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Universal Corporation (UVV) opened at $56.70 on Friday. Universal Corporation has a fifty-two week low of $52.35 and a fifty-two week high of $83.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.60 and a quick ratio of 2.11. The firm has a market cap of $1,423.96, a price-to-earnings ratio of 13.00 and a beta of 1.42.

Universal Corporation (NYSE:UVV) last posted its earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share for the quarter. Universal Corporation had a net margin of 5.56% and a return on equity of 14.16%. The firm had revenue of $488.25 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Monday, January 8th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Friday, January 5th. This is a positive change from Universal Corporation’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.88%. Universal Corporation’s dividend payout ratio (DPR) is 150.00%.

Universal Corporation declared that its board has authorized a share repurchase plan on Tuesday, November 7th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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Separately, BidaskClub upgraded shares of Universal Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th.

Universal Corporation Profile

Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.

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Institutional Ownership by Quarter for Universal Corporation (NYSE:UVV)

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