Renaissance Technologies LLC reduced its stake in shares of Universal Co. (NYSE:UVV) by 61.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,500 shares of the company’s stock after selling 193,000 shares during the period. Renaissance Technologies LLC owned 0.49% of Universal worth $6,431,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of UVV. Deprince Race & Zollo Inc. bought a new position in shares of Universal in the fourth quarter worth about $36,423,000. OppenheimerFunds Inc. increased its stake in shares of Universal by 1,280.2% in the fourth quarter. OppenheimerFunds Inc. now owns 337,827 shares of the company’s stock worth $17,736,000 after purchasing an additional 313,351 shares during the period. Pzena Investment Management LLC increased its stake in shares of Universal by 51.3% in the fourth quarter. Pzena Investment Management LLC now owns 655,409 shares of the company’s stock worth $34,409,000 after purchasing an additional 222,161 shares during the period. BlackRock Inc. increased its stake in shares of Universal by 5.8% in the fourth quarter. BlackRock Inc. now owns 3,296,570 shares of the company’s stock worth $173,071,000 after purchasing an additional 179,889 shares during the period. Finally, Comerica Bank increased its stake in shares of Universal by 223.4% in the fourth quarter. Comerica Bank now owns 74,669 shares of the company’s stock worth $3,759,000 after purchasing an additional 51,578 shares during the period. Institutional investors own 82.65% of the company’s stock.
Universal stock opened at $49.75 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.78 and a current ratio of 6.15. The stock has a market capitalization of $1,258.54, a PE ratio of 13.19 and a beta of 1.12. Universal Co. has a 52 week low of $45.95 and a 52 week high of $75.70.
Universal (NYSE:UVV) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.37 EPS for the quarter. The business had revenue of $653.58 million for the quarter. Universal had a return on equity of 12.77% and a net margin of 5.20%.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 7th. Stockholders of record on Monday, April 9th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.42%.
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Universal Corporation engages in leaf tobacco business worldwide. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products. The company processes and sells flue-cured and burley tobaccos, and oriental tobaccos that are primarily used in the manufacture of cigarettes; and dark air-cured tobaccos principally used in the manufacture of cigars, pipe tobacco, and smokeless tobacco products.
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