DAVENPORT & Co LLC Sells 49,408 Shares of Universal Co. (NYSE:UVV)

DAVENPORT & Co LLC decreased its holdings in Universal Co. (NYSE:UVV - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 171,627 shares of the company's stock after selling 49,408 shares during the quarter. DAVENPORT & Co LLC owned 0.70% of Universal worth $11,554,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of UVV. Point72 Asset Management L.P. bought a new position in shares of Universal during the 2nd quarter worth approximately $27,000. Belpointe Asset Management LLC lifted its position in shares of Universal by 261.3% during the 1st quarter. Belpointe Asset Management LLC now owns 560 shares of the company's stock worth $30,000 after buying an additional 405 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Universal during the 4th quarter worth approximately $31,000. Tower Research Capital LLC TRC increased its stake in shares of Universal by 128.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 627 shares of the company's stock worth $33,000 after purchasing an additional 353 shares during the last quarter. Finally, Gladius Capital Management LP increased its stake in shares of Universal by 57.5% during the 3rd quarter. Gladius Capital Management LP now owns 712 shares of the company's stock worth $34,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 81.00% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Universal from a "buy" rating to a "hold" rating in a research note on Saturday, February 10th.

Universal Stock Performance

Shares of UVV stock traded down $0.45 during trading hours on Wednesday, hitting $50.28. 151,562 shares of the company were exchanged, compared to its average volume of 261,974. The firm has a fifty day simple moving average of $51.90 and a 200 day simple moving average of $53.63. The company has a current ratio of 3.22, a quick ratio of 1.29 and a debt-to-equity ratio of 0.42. Universal Co. has a 52-week low of $44.40 and a 52-week high of $67.80. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.47 and a beta of 0.79.

Universal (NYSE:UVV - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter. Universal had a net margin of 4.98% and a return on equity of 7.46%. The business had revenue of $821.51 million during the quarter.

Universal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 8th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $3.20 dividend on an annualized basis and a yield of 6.36%. Universal's dividend payout ratio is 60.26%.

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.