Independent Advisor Alliance Acquires New Shares in Universal Co. (NYSE:UVV)

Independent Advisor Alliance acquired a new stake in shares of Universal Co. (NYSE:UVV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,264 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UVV. Pacer Advisors Inc. acquired a new position in Universal during the 4th quarter worth $71,187,000. Invesco Ltd. boosted its position in Universal by 21.7% during the 3rd quarter. Invesco Ltd. now owns 1,139,598 shares of the company’s stock worth $53,800,000 after acquiring an additional 203,514 shares during the period. Pzena Investment Management LLC boosted its position in Universal by 19.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,117,463 shares of the company’s stock worth $52,755,000 after acquiring an additional 178,592 shares during the period. Victory Capital Management Inc. boosted its position in Universal by 18.5% during the 3rd quarter. Victory Capital Management Inc. now owns 350,360 shares of the company’s stock worth $16,540,000 after acquiring an additional 54,602 shares during the period. Finally, Cerity Partners LLC acquired a new position in Universal during the 4th quarter worth $1,346,000. Institutional investors and hedge funds own 81.00% of the company’s stock.

Universal Stock Up 0.5 %

Shares of Universal stock opened at $53.28 on Thursday. The stock’s fifty day moving average is $51.49 and its 200-day moving average is $54.90. The firm has a market capitalization of $1.31 billion, a PE ratio of 10.03 and a beta of 0.79. The company has a quick ratio of 1.29, a current ratio of 3.22 and a debt-to-equity ratio of 0.42. Universal Co. has a 12-month low of $44.40 and a 12-month high of $67.80.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Universal from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th.

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.