Dimensional Fund Advisors LP Sells 21,289 Shares of Universal Corporation (UVV)
Dimensional Fund Advisors LP reduced its stake in Universal Corporation (NYSE:UVV) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,110,439 shares of the company’s stock after selling 21,289 shares during the period. Dimensional Fund Advisors LP owned approximately 8.40% of Universal worth $120,928,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Universal in the 2nd quarter valued at about $103,000. Advisor Group Inc. boosted its position in Universal by 27.1% in the 2nd quarter. Advisor Group Inc. now owns 2,732 shares of the company’s stock valued at $177,000 after buying an additional 583 shares during the last quarter. Amalgamated Bank boosted its position in Universal by 8.3% in the 2nd quarter. Amalgamated Bank now owns 3,286 shares of the company’s stock valued at $213,000 after buying an additional 251 shares during the last quarter. HL Financial Services LLC purchased a new position in Universal in the 3rd quarter valued at about $251,000. Finally, Trust Co. of Virginia VA boosted its position in Universal by 4.0% in the 2nd quarter. Trust Co. of Virginia VA now owns 4,678 shares of the company’s stock valued at $302,000 after buying an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 86.56% of the company’s stock.
Universal Corporation (UVV) opened at $53.30 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.60 and a quick ratio of 2.18. The firm has a market cap of $1,338.58, a PE ratio of 12.22 and a beta of 1.38. Universal Corporation has a 12-month low of $52.05 and a 12-month high of $83.35.
Universal declared that its Board of Directors has approved a stock repurchase program on Tuesday, November 7th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Monday, January 8th will be given a dividend of $0.55 per share. This is a boost from Universal’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, January 5th. This represents a $2.20 annualized dividend and a dividend yield of 4.13%. Universal’s dividend payout ratio (DPR) is presently 150.00%.
In other news, Director John B. Adams, Jr. sold 848 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $52.50, for a total transaction of $44,520.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Sledd sold 1,755 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $55.26, for a total transaction of $96,981.30. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
Universal Company Profile
Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.
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