Public Employees Retirement System of Ohio lowered its position in shares of Universal Corp (NYSE:UVV) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,156 shares of the company’s stock after selling 365 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Universal were worth $253,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Universal during the second quarter valued at $25,000. Coastal Investment Advisors Inc. bought a new stake in Universal during the second quarter valued at $31,000. Brand Asset Management Group Inc. bought a new stake in Universal during the second quarter valued at $34,000. Steward Partners Investment Advisory LLC bought a new stake in Universal during the second quarter valued at $37,000. Finally, Schroder Investment Management Group bought a new stake in Universal during the second quarter valued at $67,000. 85.57% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet cut shares of Universal from a “b+” rating to a “c+” rating in a research report on Thursday, August 8th.
Universal (NYSE:UVV) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $296.92 million for the quarter. Universal had a net margin of 4.34% and a return on equity of 8.12%.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, October 7th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, October 4th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.58%.
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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