Fmr LLC increased its stake in shares of Universal Corp (NYSE:UVV) by 16.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,712,505 shares of the company’s stock after buying an additional 246,060 shares during the period. Fmr LLC owned 6.86% of Universal worth $113,111,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Universal by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 466,014 shares of the company’s stock worth $30,781,000 after acquiring an additional 5,929 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Universal by 7.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 268,904 shares of the company’s stock worth $17,761,000 after acquiring an additional 19,267 shares during the last quarter. Bank of Nova Scotia bought a new stake in Universal during the 2nd quarter worth approximately $2,048,000. Millennium Management LLC grew its holdings in Universal by 70.1% during the 2nd quarter. Millennium Management LLC now owns 74,666 shares of the company’s stock worth $4,932,000 after acquiring an additional 30,774 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in Universal during the 2nd quarter worth approximately $506,000. Institutional investors and hedge funds own 85.15% of the company’s stock.
UVV opened at $69.00 on Friday. Universal Corp has a fifty-two week low of $45.95 and a fifty-two week high of $71.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.90 and a current ratio of 5.26. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 16.96 and a beta of 0.79.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 4th. Stockholders of record on Monday, January 7th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.35%.
In other news, Director John B. Adams, Jr. sold 3,000 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $67.29, for a total value of $201,870.00. Following the sale, the director now directly owns 13,805 shares of the company’s stock, valued at approximately $928,938.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.
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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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