Vanguard Portfolio Management (UVV) reports 1.78M-share, 7.14% stake
Rhea-AI Filing Summary
Universal Corp reported that Vanguard Portfolio Management beneficially owns 1,781,041 shares of Common Stock, representing 7.14% of the class. The filing states Vanguard has sole dispositive power over 1,781,041 shares and sole voting power over 38,515 shares. The disclosure notes these holdings include securities held for Vanguard funds and managed accounts and attributes voting/dispositive authority to Vanguard Portfolio Management and certain affiliates.
Positive
- None.
Negative
- None.
Insights
Large passive position disclosed by Vanguard at 7.14% ownership.
The Schedule 13G shows 1,781,041 shares beneficially owned, with dispositive authority held by Vanguard Portfolio Management and affiliated divisions. The filing follows the passive-investor reporting framework.
Materiality depends on total float; the filing documents ownership structure and voting power but does not indicate active control or planned changes.
Voting and disposition allocation is explicitly disclosed.
The report clarifies Vanguard's sole voting power of 38,515 shares and sole dispositive power of 1,781,041 shares, noting inclusion of Vanguard funds and managed accounts. This delineation is relevant for board voting scenarios.
Any future changes in voting disposition or conversion to active reporting would be revealed in subsequent filings.