Mirae Asset Global Investments Increases Stake in Universal Co. by 3.8% – Demonstrates Confidence in Growth-Oriented Inves

On April 1st, 2021, Mirae Asset Global Investments Co. Ltd. announced a 3.8% increase in its stake of Universal Co. (NYSE:UVV) in the fourth quarter. According to reports filed with the Securities and Exchange Commission (SEC), the investment firm now owns a total of 284,615 shares of Universal’s stock after acquiring an additional 10,311 shares during the quarter. This recent move has brought Mirae Asset Global Investments’ ownership percentage of Universal to 1.16%, which is valued at $15,031,000 as of its most recent filing with the SEC.

The latest update on Mirae Asset Global Investments’ investment strategy is yet another instance showcasing why so many investors have put their trust in the South Korean financial giant when it comes to investments that yield high returns. As per its mission statement, their focus lies on investing in growth-oriented companies across global markets.

This news also highlights a crucial aspect of hedge funds’ functioning – their ability to influence or maneuver large-scale transactions within a company by leveraging their stakeholding status. Mirae Asset Global Investment’s recent move aligns with their investment philosophy and demonstrates the growing confidence they have in Universal’s future prospects.

Moreover, it is important to note that other hedge funds holding UVV are available for public viewing via HoldingsChannel.com – a useful resource when attempting to gauge market interest in a particular stock or industry.

Separately, StockNews.com recently issued a “hold” rating for Universal Co., reinforcing investors’ belief in the company’s profitability despite sideways momentum over the past few months.

To conclude, this latest development reaffirms Mirae Asset Global Investment’s prowess as a force to be reckoned with in global financial markets and underlines an increasingly common trend among seasoned investors seeking profits through long-term holdings in promising growth-oriented sectors.

Universal Corp.: A Leader in the Agro-Products Industry

Universal Corp.: A Leader in the Agro-Products Industry

Universal Corp., a Virginia-based business-to-business agro-products supplier, has been making waves in the tobacco and ingredients industry since its establishment over a century ago. The company processes leaf tobacco, as well as plant-based ingredients, for consumer product manufacturers around the world. As of Friday, Universal Corp.’s stock opened at $52.65 with a market cap of $1.29 billion.

It’s worth noting that several other institutional investors recently bought and sold shares of the company. Wipfli Financial Advisors LLC purchased a new stake in Universal during the 3rd quarter valued at about $37,000 while Lazard Asset Management LLC raised its position in Universal by 114.6% during the same period. Parallel Advisors LLC also increased its shares by 155.2% during the 4th quarter.

Moreover, Point72 Hong Kong Ltd bought a new position in Universal during the 2nd quarter valued at approximately $60,000 while PNC Financial Services Group Inc. raised its shares by 18.5% during the 1st quarter alone, bringing their total shares to 1,475 worth $85,000.

All these purchases come as no surprise considering that nearly 80% of UVV stocks are currently owned by hedge funds and other institutional investors.

UVV’s performance over the past year shows impressive numbers- from a low of $43.64 to a high of $64.13 within one year with a current P/E ratio of 13.68 and beta standing at0 .75.The company attributes this success to two key factors: its Tobacco Operations segment and Ingredients Operations segment.

The Tobacco Operations segment selects and procures leaf tobacco from different parts of the world before processing it into packing materials or shipping it directly to manufacturers as per request.
Meanwhile, The Ingredients Operations segment sources various plant-based ingredients used to manufacture various consumer products worldwide.

To ensure that the company runs smoothly, UVV has a debt-to-equity ratio of 0.44 with both a quick and current ratio of 1.46 and 3.26, respectively.

In summary, Universal Corp.’s rise in stocks is commendable for its expertise in sourcing leaf tobacco, consistently supplying raw materials to customer specifications, as well as providing ingredients needed for product creation among other advantages. As UVV continues to operate in these capacities with enthusiastic attention to detail and consistency, the growth potentials appear limitless in the years to come.