Universal Corp (UVV) Position Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in Universal Corp (NYSE:UVV) by 91.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,203 shares of the company’s stock after selling 126,729 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Universal were worth $793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UVV. Federated Investors Inc. PA increased 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 valued at $101,000 after buying an additional 1,359 shares during the period. GAM Holding AG acquired a new stake in shares of Universal in the 2nd quarter valued at $200,000. Kovack Advisors Inc. acquired a new stake in shares of Universal in the 2nd quarter valued at $206,000. Creative Planning acquired a new stake in shares of Universal in the 2nd quarter valued at $219,000. Finally, Amalgamated Bank acquired a new stake in shares of Universal in the 2nd quarter valued at $239,000. 87.99% of the stock is owned by institutional investors.

In other news, Director John B. Adams, Jr. sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 13,805 shares in the company, valued at approximately $928,938.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James A. Huffman sold 3,112 shares of the firm’s stock in a transaction 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 valued at $421,036 over the last three months. Insiders own 2.50% of the company’s stock.

NYSE UVV opened at $65.10 on Friday. The firm has a market capitalization of $1.63 billion, a PE ratio of 15.14 and a beta of 0.79. Universal Corp has a 52 week low of $45.95 and a 52 week high of $76.98. The company has a quick ratio of 1.73, a current ratio of 4.35 and a debt-to-equity ratio of 0.27.

The company also recently announced 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. The ex-dividend date is Friday, January 4th. This represents a $3.00 annualized dividend and a dividend yield of 4.61%.

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About Universal

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.

Further Reading: Earnings Reports

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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