Universal Corp (UVV) Holdings Lifted by Prudential Financial Inc.
Prudential Financial Inc. lifted its position in Universal Corp (NYSE:UVV) by 3.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 43,448 shares of the company’s stock after acquiring an additional 1,380 shares during the quarter. Prudential Financial Inc.’s holdings in Universal were worth $2,824,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Universal by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 69,418 shares of the company’s stock worth $4,593,000 after acquiring an additional 2,448 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Universal by 823.6% in the 2nd quarter. Federated Investors Inc. PA now owns 1,524 shares of the company’s stock worth $101,000 after buying an additional 1,359 shares during the last quarter. BlackRock Inc. grew its stake in shares of Universal by 0.8% in the 2nd quarter. BlackRock Inc. now owns 3,442,970 shares of the company’s stock worth $227,407,000 after buying an additional 26,779 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Universal by 18.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 329,527 shares of the company’s stock worth $21,766,000 after buying an additional 50,768 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Universal by 16.8% in the 2nd quarter. FMR LLC now owns 1,712,505 shares of the company’s stock worth $113,111,000 after buying an additional 246,060 shares during the last quarter. 86.35% of the stock is owned by hedge funds and other institutional investors.
Universal stock opened at $61.46 on Friday. The company has a current ratio of 4.35, a quick ratio of 1.73 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.59 billion, a P/E ratio of 14.77 and a beta of 0.79. Universal Corp has a twelve month low of $45.95 and a twelve month high of $76.98.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 4th. Investors of record on Monday, January 7th will be paid a $0.75 dividend. The ex-dividend date is Friday, January 4th. This represents a $3.00 annualized dividend and a dividend yield of 4.88%.
In related news, Director John B. Adams, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $67.29, for a total value of $201,870.00. Following the sale, the director now owns 13,805 shares in the company, valued at approximately $928,938.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James A. Huffman sold 3,112 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $67.23, for a total value of $209,219.76. The disclosure for this sale can be found here. Insiders sold a total of 6,261 shares of company stock worth $421,036 in the last 90 days. 2.50% of the stock is currently owned by company insiders.
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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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