Corps Capital Advisors LLC Acquires Shares of 5,000 Universal Co. (NYSE:UVV)

Corps Capital Advisors LLC acquired a new stake in shares of Universal Co. (NYSE:UVV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Truist Financial Corp raised its stake in shares of Universal by 14.8% during the 4th quarter. Truist Financial Corp now owns 5,962 shares of the company’s stock worth $327,000 after buying an additional 767 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Universal by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 119,700 shares of the company’s stock worth $6,564,000 after buying an additional 3,338 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Universal by 1.8% during the 4th quarter. Rhumbline Advisers now owns 64,229 shares of the company’s stock worth $3,522,000 after buying an additional 1,113 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Universal by 30.4% during the 4th quarter. Blue Trust Inc. now owns 3,303 shares of the company’s stock worth $175,000 after buying an additional 770 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Universal by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,322 shares of the company’s stock worth $785,000 after buying an additional 360 shares in the last quarter. 81.00% of the stock is owned by hedge funds and other institutional investors.

Universal Stock Performance

Shares of UVV stock opened at $53.22 on Thursday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 10.95 and a beta of 0.80. The stock has a 50 day simple moving average of $53.21 and a 200-day simple moving average of $53.03. Universal Co. has a 12-month low of $45.19 and a 12-month high of $59.13. The company has a current ratio of 2.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43.

Universal declared that its board has authorized a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Universal Announces Dividend

The company 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 $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Monday, April 14th. Universal’s payout ratio is currently 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.