Universal Corporation (NYSE:UVV) Stock Holdings Lessened by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in shares of Universal Corporation (NYSE:UVV - Free Report) by 27.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 125,059 shares of the company's stock after selling 47,515 shares during the period. DAVENPORT & Co LLC owned 0.51% of Universal worth $7,010,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew 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 worth $159,779,000 after acquiring an additional 38,940 shares during the last quarter. 3Chopt Investment Partners LLC bought a new stake in shares of Universal during the 1st quarter worth about $437,000. TrueMark Investments LLC lifted its stake in shares of Universal by 227.0% in the 1st quarter. TrueMark Investments LLC now owns 97,210 shares of the company's stock worth $5,449,000 after acquiring an additional 67,481 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Universal in the 4th quarter worth approximately $1,329,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Universal by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 575,128 shares of the company's stock valued at $31,540,000 after acquiring an additional 32,445 shares during the period. Institutional investors own 81.00% of the company's stock.

Universal Price Performance

Shares of Universal stock traded up $0.46 during trading on Friday, hitting $58.70. The stock had a trading volume of 99,565 shares, compared to its average volume of 169,175. The business has a fifty day moving average of $59.14 and a two-hundred day moving average of $55.42. Universal Corporation has a fifty-two week low of $46.26 and a fifty-two week high of $67.33. The firm has a market cap of $1.46 billion, a P/E ratio of 15.53 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.87 and a quick ratio of 1.55.

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

Universal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Monday, July 14th will be issued a $0.82 dividend. This is an increase from Universal's previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Monday, July 14th. Universal's payout ratio is presently 85.71%.

Wall Street Analyst Weigh In

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

About Universal

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.