Pzena Investment Management LLC Has $34.45 Million Holdings in Universal Co. (NYSE:UVV)

Pzena Investment Management LLC cut its stake in Universal Co. (NYSE:UVVGet Rating) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 748,268 shares of the company’s stock after selling 77,591 shares during the period. Pzena Investment Management LLC owned approximately 3.04% of Universal worth $34,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alphastar Capital Management LLC boosted its stake in Universal by 22.6% in the 2nd quarter. Alphastar Capital Management LLC now owns 20,322 shares of the company’s stock worth $1,229,000 after purchasing an additional 3,742 shares during the period. KBC Group NV acquired a new position in shares of Universal during the 2nd quarter worth about $135,000. Gladius Capital Management LP acquired a new position in shares of Universal during the 2nd quarter worth about $127,000. Heritage Wealth Advisors boosted its stake in shares of Universal by 6.9% during the 2nd quarter. Heritage Wealth Advisors now owns 18,258 shares of the company’s stock worth $1,105,000 after buying an additional 1,171 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Universal by 16.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,132 shares of the company’s stock worth $250,000 after buying an additional 586 shares during the last quarter. 80.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Universal

In other news, Director Thomas H. Johnson sold 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $53.94, for a total transaction of $151,032.00. Following the transaction, the director now directly owns 24,652 shares of the company’s stock, valued at $1,329,728.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.80% of the company’s stock.

Universal Stock Down 0.7 %

Universal stock opened at $53.10 on Wednesday. The stock has a market cap of $1.30 billion, a P/E ratio of 14.83 and a beta of 0.69. The company has a quick ratio of 0.99, a current ratio of 2.49 and a debt-to-equity ratio of 0.38. Universal Co. has a twelve month low of $43.64 and a twelve month high of $64.13. The company’s 50-day moving average price is $54.38 and its two-hundred day moving average price is $52.13.

Universal (NYSE:UVVGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.88 earnings per share for the quarter. Universal had a net margin of 3.76% and a return on equity of 7.22%. The firm had revenue of $650.98 million for the quarter.

Universal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Monday, January 9th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, January 6th. This represents a $3.16 annualized dividend and a dividend yield of 5.95%. Universal’s dividend payout ratio is presently 88.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com started coverage on shares of Universal in a research note on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet raised shares of Universal from a “c+” rating to a “b” rating in a report on Wednesday, November 16th.

Universal Company Profile

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Universal Corp. is a business-to-business agro-products supplier to consumer product manufacturers that sources and processes leaf tobacco and plant-based ingredients. It operates through the following segments: Tobacco Operations and Ingredients Operations. The Tobacco Operations segment includes selecting, procuring, processing, packing, storing, shipping, and financing leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products throughout the world.

Further Reading

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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