Fulcrum Equity Management Buys 375 Shares of Universal Co. (NYSE:UVV)

Fulcrum Equity Management increased its position in Universal Co. (NYSE:UVV) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,723 shares of the company’s stock after buying an additional 375 shares during the period. Fulcrum Equity Management’s holdings in Universal were worth $463,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Universal by 82.6% during the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the company’s stock worth $36,000 after acquiring an additional 304 shares in the last quarter. AlphaMark Advisors LLC raised its stake in Universal by 41.7% during the second quarter. AlphaMark Advisors LLC now owns 850 shares of the company’s stock valued at $41,000 after purchasing an additional 250 shares in the last quarter. nVerses Capital LLC bought a new position in Universal during the second quarter valued at $43,000. Canada Pension Plan Investment Board purchased a new position in shares of Universal in the 2nd quarter worth $48,000. Finally, Blue Trust Inc. increased its holdings in shares of Universal by 145.2% in the 2nd quarter. Blue Trust Inc. now owns 1,030 shares of the company’s stock worth $53,000 after buying an additional 610 shares during the last quarter. 81.00% of the stock is owned by institutional investors.

Universal Stock Down 0.8 %

Shares of NYSE:UVV opened at $56.32 on Thursday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 11.59 and a beta of 0.81. Universal Co. has a 12 month low of $45.19 and a 12 month high of $67.80. The company has a current ratio of 2.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $53.28 and a 200 day moving average price of $51.46.

Universal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Monday, January 13th. Universal’s dividend payout ratio (DPR) is 66.67%.

Universal announced that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Universal Company 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.