GAM Holding AG Acquires Shares of 3,032 Universal Corp (UVV)
GAM Holding AG acquired a new stake in Universal Corp (NYSE:UVV) during the 2nd quarter, Holdings Channel reports. The firm acquired 3,032 shares of the company’s stock, valued at approximately $200,000.
Several other institutional investors have also made changes to their positions in UVV. Summit Trail Advisors LLC lifted its position in shares of Universal by 4,645.2% in the first quarter. Summit Trail Advisors LLC now owns 211,824 shares of the company’s stock valued at $212,000 after acquiring an additional 207,360 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of Universal in the second quarter worth about $10,614,000. BlackRock Inc. lifted its position in shares of Universal by 3.6% in the first quarter. BlackRock Inc. now owns 3,416,191 shares of the company’s stock worth $165,685,000 after buying an additional 119,621 shares in the last quarter. WBI Investments Inc. purchased a new stake in shares of Universal in the second quarter worth about $7,859,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Universal by 42.0% in the second quarter. Russell Investments Group Ltd. now owns 264,254 shares of the company’s stock worth $17,456,000 after buying an additional 78,186 shares in the last quarter. Institutional investors and hedge funds own 85.18% of the company’s stock.
NYSE:UVV opened at $60.15 on Friday. The company has a current ratio of 5.26, a quick ratio of 1.90 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.49 billion, a P/E ratio of 14.61 and a beta of 1.00. Universal Corp has a 12 month low of $45.95 and a 12 month high of $71.60.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Tuesday, October 9th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, October 5th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.99%.
Separately, TheStreet upgraded Universal from a “c+” rating to a “b” rating in a research report on Friday, May 25th.
In related news, CFO David C. Moore sold 26,062 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $64.77, for a total value of $1,688,035.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Theodore G. Broome sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $64.60, for a total value of $258,400.00. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
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