Dimensional Fund Advisors LP Increases Stock Holdings in Universal Co. (NYSE:UVV)

Posted by on May 23rd, 2023

Dimensional Fund Advisors LP boosted its holdings in shares of Universal Co. (NYSE:UVV – Get Rating) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,849,221 shares of the company’s stock after purchasing an additional 44,238 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.53% of Universal worth $97,656,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in UVV. Citigroup Inc. boosted its position in Universal by 20.2% during the 4th quarter. Citigroup Inc. now owns 16,737 shares of the company’s stock worth $884,000 after acquiring an additional 2,817 shares during the period. HighTower Advisors LLC acquired a new position in Universal during the 4th quarter worth $425,000. Raymond James & Associates raised its stake in shares of Universal by 23.8% in the 4th quarter. Raymond James & Associates now owns 9,970 shares of the company’s stock worth $527,000 after buying an additional 1,916 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Universal by 11.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,559 shares of the company’s stock worth $663,000 after buying an additional 1,338 shares in the last quarter. Finally, AlphaStar Capital Management LLC raised its stake in shares of Universal by 4.7% in the 4th quarter. AlphaStar Capital Management LLC now owns 23,050 shares of the company’s stock worth $1,217,000 after buying an additional 1,044 shares in the last quarter. 80.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Universal in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

Universal Stock Up 0.8 %

Shares of Universal stock opened at $53.40 on Tuesday. The stock’s fifty day moving average is $52.89 and its 200-day moving average is $53.44. The firm has a market capitalization of $1.31 billion, a PE ratio of 13.87 and a beta of 0.75. The company has a quick ratio of 1.46, a current ratio of 3.26 and a debt-to-equity ratio of 0.44. Universal Co. has a 12-month low of $43.64 and a 12-month high of $64.13.

About Universal

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Universal Corp. is a business-to-business agro-products supplier to consumer product manufacturers that sources and processes leaf tobacco and plant-based ingredients. It operates through the following segments: Tobacco Operations and Ingredients Operations. The Tobacco Operations segment includes selecting, procuring, processing, packing, storing, shipping, and financing leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products throughout the world.

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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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