Renaissance Technologies LLC Decreases Position in Universal Co. (NYSE:UVV)

Renaissance Technologies LLC decreased its holdings in shares of Universal Co. (NYSE:UVV - Free Report) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,211 shares of the company's stock after selling 35,400 shares during the quarter. Renaissance Technologies LLC owned about 0.24% of Universal worth $3,247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Universal by 341.2% during the 3rd quarter. Barclays PLC now owns 40,565 shares of the company's stock worth $2,155,000 after buying an additional 31,370 shares during the period. Geode Capital Management LLC increased its position in Universal by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 566,356 shares of the company's stock worth $30,085,000 after purchasing an additional 3,578 shares in the last quarter. Fulcrum Equity Management lifted its holdings in Universal by 4.5% during the 3rd quarter. Fulcrum Equity Management now owns 8,723 shares of the company's stock worth $463,000 after buying an additional 375 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Universal in the 3rd quarter valued at about $48,000. Finally, Tidal Investments LLC increased its position in Universal by 30.7% in the 3rd quarter. Tidal Investments LLC now owns 8,351 shares of the company's stock valued at $444,000 after buying an additional 1,960 shares in the last quarter. 81.00% of the stock is owned by institutional investors.

Universal Stock Performance

Shares of NYSE UVV traded up $0.55 during midday trading on Tuesday, reaching $58.12. The company's stock had a trading volume of 19,820 shares, compared to its average volume of 155,489. Universal Co. has a 12-month low of $45.19 and a 12-month 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. The firm has a 50 day moving average price of $54.03 and a 200-day moving average price of $53.60. The stock has a market capitalization of $1.44 billion, a P/E ratio of 11.93 and a beta of 0.74.

Universal (NYSE:UVV - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The company reported $2.37 earnings per share for the quarter. The company had revenue of $937.19 million during the quarter. Universal had a return on equity of 8.92% and a net margin of 4.31%.

Universal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 5.58%. The ex-dividend date is Monday, April 14th. Universal's payout ratio is 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.