Public Sector Pension Investment Board Has $6.21 Million Stock Holdings in Universal Corporation $UVV

Public Sector Pension Investment Board grew its position in Universal Corporation (NYSE:UVV) by 31.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,080 shares of the company’s stock after buying an additional 26,801 shares during the period. Public Sector Pension Investment Board owned approximately 0.45% of Universal worth $6,206,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UVV. EverSource Wealth Advisors LLC lifted its holdings in Universal by 265.0% during the second quarter. EverSource Wealth Advisors LLC now owns 719 shares of the company’s stock worth $42,000 after acquiring an additional 522 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Universal during the second quarter worth about $44,000. Hantz Financial Services Inc. lifted its holdings in shares of 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 grew its position in shares of Universal by 32.6% in the 3rd quarter. CWM LLC now owns 1,522 shares of the company’s stock valued at $85,000 after purchasing an additional 374 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake 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 purchasing an additional 261 shares in the last quarter. Institutional investors own 81.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on UVV. Weiss Ratings cut shares of Universal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 29th. Wall Street Zen cut shares of Universal from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research lowered shares of Universal from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Universal currently has a consensus rating of “Reduce”.

Universal Stock Down 0.9%

Shares of UVV stock opened at $52.89 on Thursday. The firm’s fifty day moving average price is $54.35 and its two-hundred day moving average price is $54.01. Universal Corporation has a 1 year low of $49.96 and a 1 year high of $67.33. The company has a current ratio of 2.91, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.32 billion, a P/E ratio of 15.60, a PEG ratio of 3.20 and a beta of 0.66.

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

Universal Announces Dividend

The company 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. This represents a $3.28 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, April 15th. Universal’s payout ratio is presently 96.76%.

Universal 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.