Advisors Asset Management Inc. Buys 1,911 Shares of Universal Co. (NYSE:UVV)

Advisors Asset Management Inc. grew its stake in shares of Universal Co. (NYSE:UVV) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 223,606 shares of the company’s stock after purchasing an additional 1,911 shares during the period. Advisors Asset Management Inc. owned about 0.91% of Universal worth $12,263,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of UVV. Wilmington Savings Fund Society FSB purchased a new position in Universal in the third quarter valued at approximately $48,000. Jones Financial Companies Lllp purchased a new position in Universal in the fourth quarter valued at 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 valued at $61,000 after purchasing 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 valued at $96,000 after purchasing an additional 1,345 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Universal in the fourth quarter valued at approximately $111,000. 81.00% of the stock is owned by institutional investors.

Universal Trading Up 0.5 %

NYSE:UVV opened at $55.63 on Tuesday. The company has a market cap of $1.37 billion, a P/E ratio of 11.45 and a beta of 0.79. The stock’s fifty day moving average price is $52.83 and its two-hundred day moving average price is $53.21. Universal Co. has a 1 year low of $45.19 and a 1 year high of $59.13. 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 Dividend Announcement

The business also recently announced 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 is Monday, April 14th. This represents a $3.24 annualized dividend and a dividend yield of 5.82%. Universal’s dividend payout ratio is currently 66.67%.

Universal 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.