Rhumbline Advisers Has $3.18 Million Stock Position in Universal Co. (NYSE:UVV)

Rhumbline Advisers reduced its holdings in Universal Co. (NYSE:UVV) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 65,900 shares of the company’s stock after selling 1,496 shares during the quarter. Rhumbline Advisers’ holdings in Universal were worth $3,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Universal during the second quarter worth $43,000. Commonwealth Equity Services LLC bought a new position in shares of Universal during the second quarter valued at about $276,000. Innealta Capital LLC bought a new position in shares of Universal during the second quarter valued at about $108,000. Louisiana State Employees Retirement System lifted its position in shares of Universal by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the company’s stock valued at $598,000 after purchasing an additional 200 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Universal by 3.1% during the second quarter. Nisa Investment Advisors LLC now owns 23,753 shares of the company’s stock valued at $1,145,000 after purchasing an additional 715 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Universal Stock Down 0.1 %

UVV opened at $51.68 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96. The company’s 50-day moving average is $52.08 and its 200 day moving average is $50.58. Universal Co. has a fifty-two week low of $44.40 and a fifty-two week high of $67.80. The firm has a market capitalization of $1.27 billion, a P/E ratio of 10.83 and a beta of 0.78.

Universal (NYSE:UVV) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 EPS for the quarter. The business had revenue of $597.05 million for the quarter. Universal had a net margin of 4.31% and a return on equity of 8.92%.

Universal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, October 14th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $3.24 annualized dividend and a dividend yield of 6.27%. Universal’s payout ratio is 67.92%.

Universal Profile

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.