Meritage Portfolio Management Lowers stake in Universal Corp (UVV)

Universal Corp (UVV) : Meritage Portfolio Management reduced its stake in Universal Corp by 1.13% during the most recent quarter end. The investment management company now holds a total of 103,115 shares of Universal Corp which is valued at $5,538,307 after selling 1,175 shares in Universal Corp , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Universal Corp makes up approximately 0.62% of Meritage Portfolio Management’s portfolio.

Universal Corp closed down -0.24 points or -0.44% at $54.66 with 1,35,912 shares getting traded on Wednesday. Post opening the session at $54.97, the shares hit an intraday low of $53.84 and an intraday high of $55.38 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in UVV during the most recent quarter. The investment firm sold 17,600 shares of UVV which is valued $945,296.First Citizens Bank Trust Co reduced its stake in UVV by selling 6,938 shares or 42.66% in the most recent quarter. The Hedge Fund company now holds 9,327 shares of UVV which is valued at $500,953. Universal Corp makes up approx 0.04% of First Citizens Bank Trust Co’s portfolio.Capital One National Association reduced its stake in UVV by selling 50 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 6,384 shares of UVV which is valued at $342,885. Universal Corp makes up approx 0.03% of Capital One National Association’s portfolio.Contravisory Investment Management boosted its stake in UVV in the latest quarter, The investment management firm added 91,467 additional shares and now holds a total of 94,137 shares of Universal Corp which is valued at $5,033,505. Universal Corp makes up approx 1.47% of Contravisory Investment Management’s portfolio.

Universal Corporation is a global leaf tobacco supplier. The Company is engaged in procuring financing processing packing storing and shipping flue-cured and burley leaf tobacco for manufacturers of consumer tobacco products. The Company’s operating segment includes North America South America Africa Europe Asia Dark Air-Cured Oriental and Special Services. North America South America Africa Europe and Asia are involved in flue-cured and/or burley leaf tobacco operations for supply to cigarette manufacturers. The Dark Air-Cured group supplies dark air-cured tobacco to manufacturers of cigars pipe tobacco and smokeless tobacco products. The Oriental business supplies oriental tobacco to cigarette manufacturers. Special Services includes the Company’s laboratory services business which provides physical and chemical product testing and smoke testing for customers as well as its liquid nicotine joint venture and its food and vegetable ingredients business.

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