Brandywine Global Investment Management LLC reduced its holdings in Universal Corporation (NYSE:UVV) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,840 shares of the company’s stock after selling 3,173 shares during the quarter. Brandywine Global Investment Management LLC owned 0.38% of Universal Corporation worth $6,266,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Martingale Asset Management L P increased its holdings in shares of Universal Corporation by 6.1% in the second quarter. Martingale Asset Management L P now owns 78,527 shares of the company’s stock worth $5,081,000 after acquiring an additional 4,500 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Universal Corporation by 9.7% in the second quarter. Schroder Investment Management Group now owns 600,828 shares of the company’s stock worth $38,303,000 after acquiring an additional 53,345 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Universal Corporation by 172.1% in the second quarter. Citigroup Inc. now owns 75,978 shares of the company’s stock worth $4,915,000 after acquiring an additional 48,056 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Universal Corporation by 5.0% in the second quarter. Legal & General Group Plc now owns 66,878 shares of the company’s stock worth $4,323,000 after acquiring an additional 3,214 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Universal Corporation by 9.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 245,758 shares of the company’s stock worth $15,901,000 after acquiring an additional 20,760 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

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

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Universal Corporation (UVV) opened at 57.15 on Thursday. The stock’s 50 day moving average price is $57.32 and its 200 day moving average price is $64.83. Universal Corporation has a 52-week low of $52.40 and a 52-week high of $83.35. The firm has a market capitalization of $1.45 billion, a PE ratio of 41.65 and a beta of 1.41.

Universal Corporation (NYSE:UVV) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.14 earnings per share for the quarter. Universal Corporation had a return on equity of 14.36% and a net margin of 5.60%. The firm had revenue of $284.62 million during the quarter. On average, analysts predict that Universal Corporation will post $3.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Tuesday, October 10th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, October 6th. Universal Corporation’s dividend payout ratio (DPR) is presently 163.64%.

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

About Universal Corporation

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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