Advisors Asset Management Inc. Has $8.77 Million Stock Holdings in Universal Corporation $UVV

Advisors Asset Management Inc. reduced its position in shares of Universal Corporation (NYSE:UVV) by 20.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,021 shares of the company’s stock after selling 41,397 shares during the period. Advisors Asset Management Inc.’s holdings in Universal were worth $8,773,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in Universal by 265.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 719 shares of the company’s stock valued at $42,000 after buying an additional 522 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Universal during the second quarter worth about $44,000. Hantz Financial Services Inc. increased its holdings in Universal by 63.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,343 shares of the company’s stock valued at $78,000 after purchasing an additional 520 shares in the last quarter. CWM LLC increased its stake in shares of Universal by 32.6% in the third quarter. CWM LLC now owns 1,522 shares of the company’s stock valued at $85,000 after buying an additional 374 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Universal by 14.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,123 shares of the company’s stock worth $119,000 after acquiring an additional 261 shares during the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research lowered shares of Universal from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings lowered Universal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Universal currently has an average rating of “Hold”.

Universal Stock Up 2.3%

Shares of NYSE:UVV opened at $52.80 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.06 and a current ratio of 2.91. Universal Corporation has a 52-week low of $49.96 and a 52-week high of $67.33. The company has a fifty day moving average of $54.28 and a 200-day moving average of $54.05. The company has a market capitalization of $1.32 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 2.72 and a beta of 0.66.

Universal (NYSE:UVV) last posted its quarterly earnings results on Monday, February 9th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.57). Universal had a net margin of 2.93% and a return on equity of 6.49%. The company had revenue of $861.29 million during the quarter, compared to the consensus estimate of $927.20 million.

Universal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Wednesday, April 15th will be issued a dividend of $0.82 per share. The ex-dividend date is Wednesday, April 15th. This represents a $3.28 annualized dividend and a yield of 6.2%. Universal’s dividend payout ratio is currently 96.76%.

Universal Company Profile

Universal Corporation (NYSE: UVV) is a global agribusiness company primarily engaged in the procurement, processing and sale of leaf tobacco. Headquartered in Richmond, Virginia, the company sources cured leaf tobacco from key growing regions in North and South America, Africa and Asia. Universal serves major multinational tobacco manufacturers by providing a full range of services including inventory management, quality control and logistics support to ensure a consistent and reliable supply of tobacco leaf.

In addition to its core leaf tobacco operations, Universal offers integrated supply-chain services that encompass warehousing, distribution and ingredient sourcing for smokeless and novel tobacco products.