WBI Investments Inc. lifted its holdings in shares of Universal Corp (NYSE:UVV) by 529.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,564 shares of the company’s stock after purchasing an additional 65,233 shares during the period. WBI Investments Inc. owned about 0.31% of Universal worth $4,713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates lifted its holdings in Universal by 13.9% in the fourth quarter. Raymond James & Associates now owns 5,933 shares of the company’s stock valued at $321,000 after buying an additional 723 shares during the period. Geode Capital Management LLC lifted its holdings in Universal by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 264,417 shares of the company’s stock valued at $14,318,000 after buying an additional 15,158 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Universal by 24.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 50,428 shares of the company’s stock valued at $2,730,000 after buying an additional 9,920 shares during the period. Squarepoint Ops LLC acquired a new position in Universal in the fourth quarter valued at approximately $474,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in Universal by 370.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,226 shares of the company’s stock valued at $445,000 after buying an additional 6,477 shares during the period. Institutional investors own 82.74% of the company’s stock.

UVV traded up $1.08 during mid-day trading on Friday, hitting $60.63. The stock had a trading volume of 117,080 shares, compared to its average volume of 114,840. The business’s fifty day simple moving average is $60.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.26 and a quick ratio of 3.50. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 13.29 and a beta of 0.72. Universal Corp has a 1-year low of $50.67 and a 1-year high of $76.98.

Universal (NYSE:UVV) last posted its earnings results on Wednesday, May 22nd. The company reported $1.26 earnings per share for the quarter. The company had revenue of $671.72 million for the quarter. Universal had a net margin of 4.68% and a return on equity of 8.21%.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Monday, July 8th will be issued a $0.76 dividend. The ex-dividend date is Friday, July 5th. This is a positive change from Universal’s previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a yield of 5.01%.

In other Universal news, insider James A. Huffman sold 1,745 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $60.50, for a total value of $105,572.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Preston Douglas Wigner sold 2,500 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $56.25, for a total transaction of $140,625.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,107 shares of company stock worth $352,518. Company insiders own 2.50% of the company’s stock.

Universal Company Profile

Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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