Pzena Investment Management LLC Decreases Stake in Universal Co. (NYSE:UVV)

Pzena Investment Management LLC lowered its position in Universal Co. (NYSE:UVV) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 915,380 shares of the company’s stock after selling 13,490 shares during the quarter. Pzena Investment Management LLC owned approximately 3.71% of Universal worth $50,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UVV. Wilmington Savings Fund Society FSB purchased a new position in Universal in the third quarter worth approximately $48,000. Jones Financial Companies Lllp purchased a new position in Universal in the fourth quarter worth approximately $56,000. KBC Group NV lifted its stake in Universal by 57.8% in the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $61,000 after acquiring an additional 418 shares during the last quarter. US Bancorp DE lifted its stake in Universal by 325.7% in the fourth quarter. US Bancorp DE now owns 1,758 shares of the company’s stock worth $96,000 after acquiring an additional 1,345 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Universal in the fourth quarter worth approximately $111,000. Hedge funds and other institutional investors own 81.00% of the company’s stock.

Universal Stock Down 1.1 %

UVV stock opened at $54.22 on Tuesday. The company has a current ratio of 2.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. Universal Co. has a twelve month low of $45.19 and a twelve month high of $59.13. The company’s 50 day moving average is $52.79 and its two-hundred day moving average is $53.20. The stock has a market cap of $1.34 billion, a P/E ratio of 11.16 and a beta of 0.79.

Universal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $3.24 dividend on an annualized basis and a yield of 5.98%. Universal’s payout ratio is currently 66.67%.

About Universal

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.