Invesco Ltd. Increases Stock Position in Universal Co. (NYSE:UVV)

Invesco Ltd. raised its position in Universal Co. (NYSE:UVV - Free Report) by 25.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 995,262 shares of the company's stock after buying an additional 201,185 shares during the quarter. Invesco Ltd. owned about 4.03% of Universal worth $54,580,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Heritage Wealth Advisors grew its holdings in Universal by 0.7% during the fourth quarter. Heritage Wealth Advisors now owns 26,605 shares of the company's stock worth $1,459,000 after acquiring an additional 189 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Universal by 4.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,186 shares of the company's stock worth $339,000 after purchasing an additional 250 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Universal by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,322 shares of the company's stock worth $785,000 after purchasing an additional 360 shares during the period. Fulcrum Equity Management increased its holdings in shares of Universal by 4.5% in the 3rd quarter. Fulcrum Equity Management now owns 8,723 shares of the company's stock valued at $463,000 after purchasing an additional 375 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Universal by 6.5% in the fourth quarter. SG Americas Securities LLC now owns 9,166 shares of the company's stock valued at $503,000 after purchasing an additional 556 shares during the period. Hedge funds and other institutional investors own 81.00% of the company's stock.

Universal Price Performance

UVV traded up $0.19 on Monday, hitting $51.85. 19,494 shares of the company were exchanged, compared to its average volume of 160,000. Universal Co. has a fifty-two week low of $45.19 and a fifty-two week high of $59.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60. The firm has a market capitalization of $1.28 billion, a P/E ratio of 10.68 and a beta of 0.74. The business's fifty day moving average is $53.75 and its 200 day moving average is $53.44.

Universal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 6.25%. The ex-dividend date is Monday, April 14th. Universal's payout ratio is currently 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.