Swiss National Bank raised its stake in shares of Universal Corporation (NYSE:UVV) by 18.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,100 shares of the company’s stock after purchasing an additional 6,500 shares during the period. Swiss National Bank owned 0.17% of Universal Corporation worth $2,724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ARGI Investment Services LLC boosted its holdings in shares of Universal Corporation by 7.6% during the 2nd quarter. ARGI Investment Services LLC now owns 12,497 shares of the company’s stock valued at $809,000 after purchasing an additional 878 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Universal Corporation by 0.4% during the 2nd quarter. Principal Financial Group Inc. now owns 197,695 shares of the company’s stock valued at $12,791,000 after purchasing an additional 882 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Universal Corporation by 1.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 398,708 shares of the company’s stock valued at $25,795,000 after purchasing an additional 5,274 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Universal Corporation by 59.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,405 shares of the company’s stock valued at $673,000 after purchasing an additional 3,874 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Universal Corporation by 5.0% during the 2nd quarter. Legal & General Group Plc now owns 66,878 shares of the company’s stock valued at $4,323,000 after purchasing an additional 3,214 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

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Universal Corporation (NYSE UVV) opened at 57.30 on Friday. Universal Corporation has a 12-month low of $52.40 and a 12-month high of $83.35. The firm’s 50 day moving average is $57.82 and its 200 day moving average is $65.61. The company has a market cap of $1.45 billion, a P/E ratio of 41.76 and a beta of 1.43.

Universal Corporation (NYSE:UVV) last released its earnings results on Thursday, August 3rd. The company reported $0.14 EPS for the quarter. The business had revenue of $284.62 million during the quarter. Universal Corporation had a net margin of 5.60% and a return on equity of 14.36%. Equities research analysts anticipate that Universal Corporation will post $3.70 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, October 6th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.77%. Universal Corporation’s dividend payout ratio is currently 163.64%.

In other news, Director John B. Adams, Jr. sold 611 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $58.45, for a total transaction of $35,712.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James A. Huffman sold 3,107 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $58.35, for a total transaction of $181,293.45. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Separately, BidaskClub downgraded shares of Universal Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd.

Universal Corporation 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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Institutional Ownership by Quarter for Universal Corporation (NYSE:UVV)

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