Lingohr & Partner Asset Management GmbH Acquires New Stake in Universal Corporation (UVV)

Lingohr & Partner Asset Management GmbH acquired a new stake in shares of Universal Corporation (NYSE:UVV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,852 shares of the company’s stock, valued at approximately $1,477,000. Lingohr & Partner Asset Management GmbH owned about 0.10% of Universal Corporation as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Universal Corporation during the second quarter valued at $103,000. Advisor Group Inc. increased its position in Universal Corporation by 27.1% during the second quarter. Advisor Group Inc. now owns 2,732 shares of the company’s stock valued at $177,000 after acquiring an additional 583 shares during the last quarter. Amalgamated Bank increased its position in Universal Corporation by 8.3% during the second quarter. Amalgamated Bank now owns 3,286 shares of the company’s stock valued at $213,000 after acquiring an additional 251 shares during the last quarter. Hartford Investment Management Co. bought a new position in Universal Corporation during the second quarter valued at $232,000. Finally, HL Financial Services LLC bought a new position in Universal Corporation during the third quarter valued at $251,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

In other Universal Corporation news, insider James A. Huffman sold 3,107 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $58.35, for a total transaction of $181,293.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John B. Adams, Jr. sold 611 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $58.45, for a total transaction of $35,712.95. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Separately, BidaskClub upgraded shares of Universal Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.

Universal Corporation (NYSE UVV) traded up $1.70 during midday trading on Friday, hitting $56.70. 426,300 shares of the stock were exchanged, compared to its average volume of 193,904. The company has a current ratio of 5.60, a quick ratio of 2.11 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1,423.96, a PE ratio of 13.00 and a beta of 1.42. Universal Corporation has a 12-month low of $52.35 and a 12-month high of $83.35.

Universal Corporation (NYSE:UVV) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.02 EPS for the quarter. The firm had revenue of $488.25 million for the quarter. Universal Corporation had a net margin of 5.56% and a return on equity of 14.16%.

Universal Corporation declared that its Board of Directors has initiated a stock buyback program on Tuesday, November 7th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Monday, January 8th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Friday, January 5th. This is a boost from Universal Corporation’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.88%. Universal Corporation’s dividend payout ratio is presently 150.00%.

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Universal Corporation Profile

Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.

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Institutional Ownership by Quarter for Universal Corporation (NYSE:UVV)

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