Fulcrum Equity Management Purchases 375 Shares of Universal Co. (NYSE:UVV)

by · The Cerbat Gem

Fulcrum Equity Management raised its position in Universal Co. (NYSE:UVV – Free Report) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,723 shares of the company’s stock after purchasing an additional 375 shares during the quarter. Fulcrum Equity Management’s holdings in Universal were worth $463,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UVV. State Street Corp raised its holdings in shares of Universal by 6.3% in the third quarter. State Street Corp now owns 1,218,793 shares of the company’s stock worth $64,730,000 after buying an additional 71,773 shares during the period. Geode Capital Management LLC increased its stake in Universal by 0.6% in the third quarter. Geode Capital Management LLC now owns 566,356 shares of the company’s stock worth $30,085,000 after purchasing an additional 3,578 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Universal by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 542,683 shares of the company’s stock worth $28,822,000 after purchasing an additional 24,089 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Universal by 69.1% during the second quarter. ProShare Advisors LLC now owns 273,280 shares of the company’s stock valued at $13,169,000 after purchasing an additional 111,691 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Universal by 2.3% during the third quarter. Advisors Asset Management Inc. now owns 221,695 shares of the company’s stock valued at $11,774,000 after purchasing an additional 4,986 shares during the period. Institutional investors own 81.00% of the company’s stock.

Universal Trading Down 0.8 %

UVV stock opened at $56.32 on Thursday. Universal Co. has a 12 month low of $45.19 and a 12 month high of $67.80. The firm’s 50-day moving average is $53.28 and its 200 day moving average is $51.46. The company has a market capitalization of $1.39 billion, a PE ratio of 11.59 and a beta of 0.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96.

Universal declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 7th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Universal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Monday, January 13th. Universal’s dividend payout ratio (DPR) is presently 66.67%.

Universal Company Profile

(Free Report)

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.

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