State Street Corp Updates Passive Stake in Universal Corp /VA/
Ticker: UVV · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 102037
| Field | Detail |
|---|---|
| Company | Universal Corp /Va/ (UVV) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns Universal Corp /VA/ shares, but it's a passive stake.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Universal Corp /VA/ common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their passive investment in Universal Corp /VA/. For investors, this means a large institutional investor continues to hold a significant, though passive, stake in the company, which can signal stability but doesn't suggest any immediate strategic changes.
Why It Matters
This filing confirms State Street Corporation's continued passive ownership in Universal Corp /VA/, reassuring investors that a major institution maintains its position without seeking control.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake, which typically carries low risk for the average shareholder.
Analyst Insight
An investor should view this as a routine disclosure from a large institutional holder, confirming their continued passive investment. It doesn't signal any immediate need for action but reinforces the presence of institutional backing for Universal Corp /VA/.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Universal Corp /VA/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership of securities.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, identified by CIK 0000093751.
What is the subject company whose securities are being reported?
The subject company is UNIVERSAL CORP /VA/, identified by CIK 0000102037.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of Universal Corp /VA/ is 913456109.
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.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding UNIVERSAL CORP /VA/ (UVV).