OppenheimerFunds Inc. decreased its stake in shares of Universal Corp (NYSE:UVV) by 14.0% during the 2nd quarter, Holdings Channel reports. The firm owned 293,164 shares of the company’s stock after selling 47,622 shares during the quarter. OppenheimerFunds Inc.’s holdings in Universal were worth $19,363,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN grew its position in Universal by 17.3% during the first quarter. Wells Fargo & Company MN now owns 130,441 shares of the company’s stock valued at $6,326,000 after acquiring an additional 19,208 shares during the last quarter. SG Americas Securities LLC bought a new position in Universal during the first quarter valued at approximately $122,000. Swiss National Bank grew its position in Universal by 4.8% during the first quarter. Swiss National Bank now owns 44,100 shares of the company’s stock valued at $2,139,000 after acquiring an additional 2,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Universal by 8.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 278,759 shares of the company’s stock valued at $13,520,000 after acquiring an additional 21,051 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Universal by 76.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,076 shares of the company’s stock valued at $246,000 after acquiring an additional 2,192 shares during the last quarter. 85.79% of the stock is currently owned by institutional investors and hedge funds.

Separately, TheStreet raised Universal from a “c+” rating to a “b” rating in a research note on Friday, May 25th.

NYSE:UVV opened at $64.00 on Monday. The company has a market cap of $1.58 billion, a PE ratio of 15.49 and a beta of 1.00. Universal Corp has a fifty-two week low of $45.95 and a fifty-two week high of $71.60. The company has a quick ratio of 1.90, a current ratio of 5.26 and a debt-to-equity ratio of 0.27.

Universal (NYSE:UVV) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $379.72 million during the quarter. Universal had a return on equity of 7.63% and a net margin of 5.41%.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Stockholders of record on Tuesday, October 9th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, October 5th.

Universal Company Profile

Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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