Schwab Charles Investment Management Inc. trimmed its stake in shares of Universal Corp (NYSE:UVV) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,836 shares of the company’s stock after selling 2,922 shares during the period. Schwab Charles Investment Management Inc. owned about 0.97% of Universal worth $13,915,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp grew its position in Universal by 6.2% in the second quarter. State Street Corp now owns 635,973 shares of the company’s stock valued at $41,146,000 after purchasing an additional 37,288 shares in the last quarter. Martingale Asset Management L P grew its position in Universal by 6.1% in the second quarter. Martingale Asset Management L P now owns 78,527 shares of the company’s stock valued at $5,081,000 after purchasing an additional 4,500 shares in the last quarter. Citigroup Inc. grew its position in Universal by 172.1% in the second quarter. Citigroup Inc. now owns 75,978 shares of the company’s stock valued at $4,915,000 after purchasing an additional 48,056 shares in the last quarter. South Dakota Investment Council grew its position in Universal by 26.1% in the third quarter. South Dakota Investment Council now owns 22,316 shares of the company’s stock valued at $1,279,000 after purchasing an additional 4,616 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in Universal by 7.4% in the second quarter. Teachers Advisors LLC now owns 43,832 shares of the company’s stock valued at $2,836,000 after purchasing an additional 3,024 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

In other news, Director Robert C. Sledd sold 1,755 shares of Universal stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $55.26, for a total value of $96,981.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Adams, Jr. sold 848 shares of Universal 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 disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Universal Corp (UVV) opened at $52.90 on Monday. The firm has a market cap of $1,320.00, a price-to-earnings ratio of -69.61 and a beta of 1.38. Universal Corp has a 12-month low of $52.05 and a 12-month high of $83.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.60 and a quick ratio of 2.18.

Universal (NYSE:UVV) last released its earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share for the quarter. Universal had a net margin of 5.80% and a return on equity of 8.17%. The business had revenue of $488.25 million during the quarter.

Universal declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Monday, January 8th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Friday, January 5th. This is an increase from Universal’s previous quarterly dividend of $0.54. Universal’s dividend payout ratio (DPR) is -284.21%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/universal-corp-uvv-shares-sold-by-schwab-charles-investment-management-inc/1782256.html.

Universal 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.

Institutional Ownership by Quarter for Universal (NYSE:UVV)

Receive News & Ratings for Universal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal and related companies with MarketBeat.com's FREE daily email newsletter.