|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||55.83 - 56.61|
|52 Week Range||49.07 - 63.18|
|Beta (5Y Monthly)||0.74|
|PE Ratio (TTM)||15.80|
|Earnings Date||Nov 11, 2019|
|Forward Dividend & Yield||3.04 (5.43%)|
|Ex-Dividend Date||Jan 08, 2020|
|1y Target Est||59.00|
Universal Corporation (NYSE: UVV) today announced that it has successfully completed its previously announced acquisition of FruitSmart, an independent specialty fruit and vegetable ingredient processor serving global markets. Universal funded the transaction with a combination of cash on hand and existing borrowing capacity. The acquisition provides Universal with a new growth opportunity in an adjacent industry and represents a foundational step in building a broader agri-products services platform. FruitSmart supplies a broad set of juices, concentrates, blends, purees, fibers, seed and seed powders, and other value-added products to food, beverage and flavor companies throughout the United States and internationally through value-added processing of various fruit and vegetable products. FruitSmart processes apples, grapes, blueberries, raspberries, cherries, blackberries, pears, cranberries and strawberries as well as other fruits and vegetables. The business is headquartered in the Yakima Valley of the state of Washington, where it has approximately 200 employees and two manufacturing facilities.
George Freeman became the CEO of Universal Corporation (NYSE:UVV) in 2008. This analysis aims first to contrast CEO...
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
Dividend investors usually focus on companies that have a long track record of increasing their dividends year after year. The companies with at least 25 years of consecutive dividend increases are especially favored by income oriented investors. This is actually not a bad idea as long as these companies continue to increase dividends. However, when […]
Tobacco merchant Universal Corp. said late Wednesday it has agreed to buy fruit and vegetable processor and supplier FruitSmart, aiming for a "new growth opportunity." FruitSmart "is well-positioned to capitalize on recent shifts in market dynamics and consumer behavior including a secular shift towards health and wellness," Universal said in a statement. Terms of the deal weren't disclosed but Universal said it expected to fund the acquisition with a combination of cash and debt. The deal is expected to close in the current fiscal year and add to the company's bottom line in the first fiscal year after closing, the company said. Shares of Universal were flat in the extended session Wednesday after ending the regular trading day down 1.7%.
RICHMOND, Va., Nov. 20, 2019 /PRNewswire/ -- Universal Corporation (UVV) today announced that it has entered into a definitive agreement to acquire FruitSmart, an independent specialty fruit and vegetable ingredient processor serving global markets. Founded in 1982, FruitSmart supplies a broad set of juices, concentrates, blends, purees, fibers, seed and seed powders, and other value-added products to food, beverage and flavor companies throughout the United States and internationally through value-added processing of various fruit and vegetable products. "Since outlining our capital allocation strategy in May 2018, we have been identifying a pipeline of strategic opportunities in adjacent markets around our core strengths: leveraging our highly localized rural infrastructure to source and process high-value, non-commodity, semi-perishable varietals from a large, reliant grower base for customers who demand fully traceable and compliant inputs," said George C. Freeman, III, Chairman, President and Chief Executive Officer of Universal Corporation.
RICHMOND, Va. , Nov. 12, 2019 /PRNewswire/ -- George C. Freeman, III , Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE: UVV), reported net income for the first half of fiscal ...
RICHMOND, Va. , Nov. 12, 2019 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), announced today that the Company's Board of Directors ...
RICHMOND, Va., Nov. 1, 2019 /PRNewswire/ -- Universal Corporation (UVV) will webcast its conference call on November 12, 2019, following the release of its results for the second quarter of fiscal year 2020 before market open on that date. The conference call will begin at 8:30 a.m. Eastern Time and will be hosted by Candace C. Formacek, Vice President and Treasurer. A live webcast of the conference call will be available online on a listen-only basis at www.universalcorp.com.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...
Universal Corporation (NYSE:UVV) stock is about to trade ex-dividend in 4 days time. If you purchase the stock on or...
[Editor's note: "3 Top Tobacco Stocks Still Burning Strong" was previously published in July 2019. It has since been updated to include the most relevant information available.] In many respects, the top tobacco stocks defy logic. The Surgeon General's Office released its warning about the dangers of tobacco in 1964. Despite a sustained anti-smoking crusade, tobacco stocks continued marching higher. As the climate at home became more hostile, these firms have found new customers overseas.They also found other sources of revenue. The latest new source for tobacco stocks? The cannabis industry. Long illegal throughout the world, marijuana continues to gain both acceptance and legal status. Moreover, anyone who pays even scant attention to business news knows marijuana stocks continue to rise. This industry could easily become a new profit center for tobacco companies. Furthermore, tobacco companies know how to navigate the hostile regulatory climate cannabis will face, particularly in the United States.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Industrial Stocks to Buy for a Strong U.S. Economy Whatever direction the tobacco industry takes, I would not bet on its decline despite the negative public image of cigarettes. With new product lines and creative marketing, I think the following top tobacco stocks should continue to perform well.Source: Peyri Herrera via Flickr (Modified)[/ipm_caption] Altria Group, Inc. (MO)Perhaps no large company defines the top tobacco stocks more than Altria (NYSE:MO). Altria manages to keep profits moving higher, despite its core product's falling popularity. The parent company for brands like Marlboro (in the U.S.) and Parliaments has also emphasized so-called "reduced risk products" such as smokeless tobacco. Moreover, it could profit further if the FDA approves IQOS, a smoke-free cigarette popular in other countries. And, like its counterparts in the beverage industry, Altria has also explored investing in cannabis.All of this will serve to benefit those who want the generous levels of dividend income that MO produces. This track record of payouts goes back decades. Investors who bought in the fall of 1985 and held now make their original investment back every year in dividends alone. For those who reinvest dividends, investors who bought in the spring of 2003 now have achieved the same feat.The company will occasionally pay an outsized payout followed by a dividend reduction. Still, the dividend has risen annually for the last 10 years. Investors buying today will still enjoy a yield of 7.66%.Continuing to pay this dividend should not be an issue in the future either. Analysts, on average, predict its profits will increase by 5% this year. They also project an average of 6.8% annual growth over the next five years. Current earnings also place the forward price-to-earnings (P/E) ratio at 9.8.That allows investors to buy into this generous dividend stream at a discount. Given MO's ability to mitigate the negative sentiment surrounding tobacco, and its potential in the cannabis industry, I think these benefits will accrue for years to come.Source: Shutterstock [/ipm_caption] Philip Morris International, Inc. (PM)Philip Morris International (NYSE:PM) spun off from Altria in 2008. As the name implies, it operates primarily outside of the U.S., despite the Manhattan address of its headquarters. Among top tobacco stocks, it remains best known for retaining the right to market Marlboro cigarettes outside of the U.S. (Altria holds the U.S. rights).While it remains a similar company to Altria in many respects, its non-U.S. focus gives it the advantage of not having to deal directly with federal regulation. As a result, it has led the way in IQOS in other countries. Its non-U.S. focus also gives this company an advantage over Altria if it wants to make deals with cannabis companies.Due to its offshore focus, Phillip Morris International now exceeds the size of its original parent company. It holds a market cap of about $1114 billion, larger than Altria's market cap of about $92 billion. The forward P/E of 13 comes in somewhat higher than Altria. However, it usually trades at a slight premium to its former parent.On the dividend front, it lags the long-term history of Altria, but little else. The payout has risen every year since the company's 2008 spinoff. The recent increase takes the annual dividend to $4.56 per share, a yield of 6.34%. * 7 Industrial Stocks to Buy for a Strong U.S. Economy Despite the accolades, the PM stock price has fallen steadily since achieving a high of $122.90 per share in June 2017. It now trades almost 40% below this level. However, with its generous dividend, I think it presents a buying opportunity. If Phillip Morris International enters the marijuana business, investors can profit from both a high payout and hopefully, a rising stock price.Source: Shutterstock [/ipm_caption] Universal Corp. (UVV)Universal Corporation (NYSE:UVV) operates in a different segment than other top tobacco stocks. The company processes tobacco. It buys the plant directly from producers, refines it, and then sells it to product manufacturers.Given the overall decline of tobacco use throughout the world, I would typically take a cautious view on such a company. However, the company processes other products besides tobacco.Potentially, Universal could revive its fortunes by making a modest pivot into cannabis. Since it already processes other products, shifting into weed should not create any major operational shifts. Moreover, it also controls a supply chain useful for both procuring and distributing its product. This supply chain extends to over 30 countries on five different continents.Although the company has yet to announce such a move, investors may already have noticed this potential. UVV stock shot higher in the middle of last year as its operating income rose despite its falling sales. The stock subsequently lost most of its mid-2018 gains.The company remains small, as UVV's market cap is around $1.27 billion.Its current P/E is about 14, while its dividend stands at $3 per share. This amounts to a yield of 6%. It has raised its dividend for 46 consecutive years.As a smaller company that processes tobacco, Universal might seem like a strange pick at first glance. However, its varied product base, small size and large dividend make UVV stock an intriguing play among top tobacco stocks.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 3 Top Tobacco Stocks Still Burning Strong appeared first on InvestorPlace.
Today we'll take a closer look at Universal Corporation (NYSE:UVV) from a dividend investor's perspective. Owning a...
Today we are going to look at Universal Corporation (NYSE:UVV) to see whether it might be an attractive investment...
RICHMOND, Va. , Aug. 7, 2019 /PRNewswire/ -- George C. Freeman, III , Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE: UVV), reported net income of $2.1 million , or $0.08 ...
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