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JPMorgan Chase Reduces Stake in Tobacco Supplier Universal Corporation
The financial firm sold over 53,000 shares of the Virginia-based leaf tobacco processor in Q3 2025.
Apr. 6, 2026 at 8:58am
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JPMorgan Chase & Co. lowered its position in Universal Corporation (NYSE:UVV) by 54.8% in the third quarter, according to the company's latest SEC filing. The firm sold 53,762 shares of the Richmond, Virginia-based tobacco leaf processor, leaving it with 44,376 shares worth $2.48 million at the end of the quarter.
Why it matters
Universal Corporation is one of the world's largest independent tobacco leaf suppliers, providing cured leaf to major multinational tobacco manufacturers. JPMorgan's reduced stake in the company could signal broader shifts in the tobacco industry supply chain as consumer preferences and regulations evolve.
The details
JPMorgan Chase & Co. sold over 53,000 shares of Universal Corporation in the third quarter of 2025, reducing its total stake in the company by 54.8%. The financial firm now owns 44,376 shares of the Richmond, Virginia-based tobacco leaf processor, worth approximately $2.48 million. Universal Corporation is a global agribusiness primarily engaged in procuring, processing, and selling leaf tobacco to major multinational tobacco manufacturers.
- JPMorgan Chase & Co. disclosed the reduced stake in its Q3 2025 SEC filing.
The players
JPMorgan Chase & Co.
A multinational investment bank and financial services company headquartered in New York City.
Universal Corporation
A global agribusiness primarily engaged in the procurement, processing, and sale of leaf tobacco, headquartered in Richmond, Virginia.
The takeaway
JPMorgan Chase's reduced stake in Universal Corporation reflects broader shifts in the tobacco industry supply chain as consumer preferences and regulations evolve, potentially signaling changes ahead for leaf tobacco processors like Universal.
