Prudential Financial Inc. Has $6.37 Million Stock Holdings in Universal Co. (NYSE:UVV)

Prudential Financial Inc. lowered its holdings in Universal Co. (NYSE:UVV) by 2.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,132 shares of the company’s stock after selling 3,500 shares during the quarter. Prudential Financial Inc. owned 0.47% of Universal worth $6,369,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Universal in the third quarter valued at approximately $48,000. Jones Financial Companies Lllp acquired a new position in Universal during the 4th quarter valued at $56,000. US Bancorp DE boosted its holdings in Universal by 325.7% in the 4th quarter. US Bancorp DE now owns 1,758 shares of the company’s stock valued at $96,000 after purchasing an additional 1,345 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Universal in the 4th quarter worth $111,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of 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 purchasing an additional 1,242 shares during the period. 81.00% of the stock is owned by institutional investors.

Universal Stock Down 0.6 %

Shares of UVV opened at $56.08 on Monday. Universal Co. has a 52 week low of $45.19 and a 52 week high of $59.13. The firm has a market capitalization of $1.38 billion, a P/E ratio of 11.54 and a beta of 0.79. The company has a 50-day simple moving average of $53.56 and a 200-day simple moving average of $53.35. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60.

Universal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 5.78%. The ex-dividend date is Monday, April 14th. Universal’s payout ratio is presently 66.67%.

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.