BlackRock Amends Universal Corp. Stake as of Dec 31, 2023
Ticker: UVV · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 102037
| Field | Detail |
|---|---|
| Company | Universal Corp /Va/ (UVV) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Universal Corp. stake, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership of Universal Corporation's Common Stock as of December 31, 2023. This filing, an amendment to a previous Schedule 13G, signals that BlackRock, a major institutional investor, has adjusted its passive stake in Universal Corp. This matters to investors because significant changes in holdings by large institutions like BlackRock can influence market perception and potentially stock price, reflecting their updated investment thesis on Universal Corp.
Why It Matters
Changes in institutional ownership, especially from a firm as large as BlackRock, can signal shifts in market sentiment or investment strategy towards Universal Corporation, potentially impacting its stock price.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently indicate high risk, but rather a change in a passive investment position.
Analyst Insight
Investors should monitor subsequent filings or news from BlackRock for further details on their investment strategy regarding Universal Corporation, as this filing only indicates a change in a passive stake without specifying the nature of the change (increase or decrease).
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Universal Corporation (company) — the issuer whose Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- 913456109 (number) — the CUSIP number for Universal Corporation's Common Stock
Forward-Looking Statements
- BlackRock's updated stake in Universal Corporation will be closely watched by other institutional investors. (BlackRock Inc.) — high confidence, target: Q1 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the subject company of this filing?
The subject company is Universal Corporation (UNIVERSAL CORP /VA/), with a Central Index Key (CIK) of 0000102037.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is BlackRock Inc., with a Central Index Key (CIK) of 0001364742.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Universal Corporation is 913456109.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding UNIVERSAL CORP /VA/ (UVV).