Brandywine Global Investment Management LLC Reduces Position in Universal Co. (NYSE:UVV)

Brandywine Global Investment Management LLC lowered its stake in shares of Universal Co. (NYSE:UVV) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,706 shares of the company’s stock after selling 3,708 shares during the period. Brandywine Global Investment Management LLC owned 0.33% of Universal worth $4,536,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in Universal during the 3rd quarter worth about $48,000. Jones Financial Companies Lllp purchased a new stake in shares of Universal in the fourth quarter worth about $56,000. US Bancorp DE boosted its position in shares of Universal by 325.7% in the fourth quarter. US Bancorp DE now owns 1,758 shares of the company’s stock valued at $96,000 after acquiring an additional 1,345 shares during the period. SBI Securities Co. Ltd. purchased a new position in Universal during the fourth quarter valued at approximately $111,000. Finally, PNC Financial Services Group Inc. increased its holdings in Universal by 68.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock worth $167,000 after acquiring an additional 1,242 shares during the period. 81.00% of the stock is owned by institutional investors.

Universal Stock Down 0.0 %

Shares of NYSE:UVV opened at $56.03 on Wednesday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 11.53 and a beta of 0.79. Universal Co. has a one year low of $45.19 and a one year high of $59.13. The firm has a fifty day moving average price of $53.75 and a two-hundred day moving average price of $53.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.60 and a quick ratio of 0.96.

Universal Announces Dividend

The firm 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 dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend is Monday, April 14th. Universal’s dividend 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.