Brandywine Global Investment Management LLC Cuts Holdings in Universal Co. (NYSE:UVV)

Brandywine Global Investment Management LLC lowered its stake in shares of Universal Co. (NYSE:UVV) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,706 shares of the company’s stock after selling 3,708 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Universal were worth $4,536,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in 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. Cerity Partners LLC lifted its position in Universal by 24.6% in the 3rd quarter. Cerity Partners LLC now owns 25,004 shares of the company’s stock worth $1,328,000 after buying an additional 4,935 shares during the last quarter. FMR LLC lifted its position in Universal by 438.0% in the 3rd quarter. FMR LLC now owns 11,277 shares of the company’s stock worth $599,000 after buying an additional 9,181 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Universal by 85.6% in the third quarter. BNP Paribas Financial Markets now owns 22,020 shares of the company’s stock worth $1,169,000 after buying an additional 10,155 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Universal by 21.7% during the third quarter. Captrust Financial Advisors now owns 6,066 shares of the company’s stock valued at $322,000 after acquiring an additional 1,082 shares during the last quarter. 81.00% of the stock is owned by institutional investors.

Universal Trading Down 0.0 %

Shares of UVV opened at $56.03 on Wednesday. Universal Co. has a fifty-two week low of $45.19 and a fifty-two week high of $59.13. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 11.53 and a beta of 0.79. The firm has a 50 day moving average price of $53.75 and a 200-day moving average price of $53.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60.

Universal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $3.24 annualized dividend and a yield of 5.78%. Universal’s payout ratio is 66.67%.

Universal Company Profile

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.