Heritage Wealth Advisors Sells 14,286 Shares of Universal Corporation (NYSE:UVV)

Key Points

• Heritage Wealth Advisors significantly cut its holdings in Universal Corporation by 53.7% in the 1st quarter, leaving them with 12,319 shares valued at approximately $690,000.
• Several large investors, including TrueMark Investments LLC and Victory Capital Management Inc., have increased their stakes in Universal Corporation, with some holdings seeing boosts of up to 7,668.5%.
• Universal Corporation recently announced a quarterly dividend increase to $0.82 per share, representing an annualized yield of 6.0% and a payout ratio of 86.77%.

Heritage Wealth Advisors reduced its holdings in Universal Corporation (NYSE:UVV - Free Report) by 53.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,319 shares of the company's stock after selling 14,286 shares during the quarter. Heritage Wealth Advisors' holdings in Universal were worth $690,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Universal by 38.6% during the first quarter. GAMMA Investing LLC now owns 1,149 shares of the company's stock valued at $64,000 after purchasing an additional 320 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Universal by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 2,913,551 shares of the company's stock valued at $159,779,000 after purchasing an additional 38,940 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Universal by 8.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,155 shares of the company's stock valued at $849,000 after purchasing an additional 1,196 shares in the last quarter. 3Chopt Investment Partners LLC bought a new stake in shares of Universal during the first quarter valued at approximately $437,000. Finally, TrueMark Investments LLC boosted its position in shares of Universal by 227.0% during the first quarter. TrueMark Investments LLC now owns 97,210 shares of the company's stock valued at $5,449,000 after purchasing an additional 67,481 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors.

Universal Stock Down 0.9%

NYSE:UVV traded down $0.49 during trading hours on Friday, reaching $53.98. 229,638 shares of the company traded hands, compared to its average volume of 315,267. The business's 50-day moving average price is $58.23 and its two-hundred day moving average price is $55.71. The stock has a market capitalization of $1.34 billion, a P/E ratio of 14.28 and a beta of 0.73. Universal Corporation has a 1 year low of $49.05 and a 1 year high of $67.33. The company has a current ratio of 2.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.41.

Universal (NYSE:UVV - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.80 earnings per share (EPS) for the quarter. The business had revenue of $702.28 million during the quarter. Universal had a return on equity of 7.89% and a net margin of 3.22%.

Universal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, July 14th will be paid a $0.82 dividend. This is an increase from Universal's previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Monday, July 14th. Universal's dividend payout ratio (DPR) is presently 86.77%.

Analyst Ratings Changes

Separately, Wall Street Zen cut Universal from a "buy" rating to a "hold" rating in a research note on Saturday, May 31st.

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.