Universal Corporation $UVV Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its position in shares of Universal Corporation (NYSE:UVVFree Report) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 327,678 shares of the company’s stock after selling 9,826 shares during the quarter. Pzena Investment Management LLC’s holdings in Universal were worth $17,285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in UVV. Royal Bank of Canada increased its position in Universal by 18.8% during the first quarter. Royal Bank of Canada now owns 24,009 shares of the company’s stock worth $1,345,000 after buying an additional 3,795 shares during the period. AQR Capital Management LLC increased its position in Universal by 8.7% during the first quarter. AQR Capital Management LLC now owns 24,791 shares of the company’s stock worth $1,390,000 after buying an additional 1,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Universal by 24.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 36,958 shares of the company’s stock worth $2,071,000 after buying an additional 7,261 shares during the period. Jane Street Group LLC acquired a new position in Universal during the first quarter worth approximately $3,927,000. Finally, Intech Investment Management LLC increased its position in Universal by 20.7% during the first quarter. Intech Investment Management LLC now owns 24,070 shares of the company’s stock worth $1,349,000 after buying an additional 4,124 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.

Universal Price Performance

Shares of NYSE UVV opened at $54.59 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.91 and a quick ratio of 1.30. The stock has a fifty day moving average price of $53.00 and a 200 day moving average price of $53.44. Universal Corporation has a 1-year low of $49.96 and a 1-year high of $67.33. The company has a market cap of $1.36 billion, a PE ratio of 16.10, a P/E/G ratio of 3.10 and a beta of 0.61.

Universal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be issued a dividend of $0.83 per share. This is a boost from Universal’s previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, July 13th. Universal’s dividend payout ratio is 96.76%.

Key Stories Impacting Universal

Here are the key news stories impacting Universal this week:

Analyst Ratings Changes

UVV has been the topic of several research analyst reports. Zacks Research raised Universal from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings downgraded Universal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen lowered Universal from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

View Our Latest Stock Analysis on UVV

Universal Profile

(Free Report)

Universal Corporation (NYSE: UVV) is a global agribusiness company primarily engaged in the procurement, processing and sale of leaf tobacco. Headquartered in Richmond, Virginia, the company sources cured leaf tobacco from key growing regions in North and South America, Africa and Asia. Universal serves major multinational tobacco manufacturers by providing a full range of services including inventory management, quality control and logistics support to ensure a consistent and reliable supply of tobacco leaf.

In addition to its core leaf tobacco operations, Universal offers integrated supply-chain services that encompass warehousing, distribution and ingredient sourcing for smokeless and novel tobacco products.

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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