Media coverage about Universal Corporation (NYSE:UVV) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Universal Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.4864870327364 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Seven Dividend Paying Companies Rewarding Their Owners With a Raise (dividendgrowthinvestor.com)
- Edited Transcript of UVV earnings conference call or presentation 7-Nov-17 10:00pm GMT (finance.yahoo.com)
- Universal Corp. breached its 50 day moving average in a Bearish Manner : UVV-US : November 8, 2017 (finance.yahoo.com)
- Universal Corporation (UVV) Issues Earnings Results (americanbankingnews.com)
- Share Repurchase Plan Initiated by Universal Corporation (UVV) Board of Directors (americanbankingnews.com)
Separately, BidaskClub upgraded shares of Universal Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.
Shares of Universal Corporation (NYSE UVV) opened at $56.80 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.60 and a quick ratio of 2.18. Universal Corporation has a 52 week low of $52.35 and a 52 week high of $83.35. The stock has a market cap of $1,423.98, a price-to-earnings ratio of 13.01 and a beta of 1.42.
Universal Corporation (NYSE:UVV) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share (EPS) for the quarter. Universal Corporation had a net margin of 5.56% and a return on equity of 14.16%. The firm had revenue of $488.25 million for the quarter.
Universal Corporation announced that its Board of Directors has approved a stock repurchase program on Tuesday, November 7th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Monday, January 8th will be issued a dividend of $0.55 per share. This is an increase from Universal Corporation’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, January 5th. This represents a $2.20 annualized dividend and a dividend yield of 3.87%. Universal Corporation’s payout ratio is presently 150.00%.
In other Universal Corporation news, insider James A. Huffman sold 3,107 shares of Universal Corporation stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $58.35, for a total value of $181,293.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Adams, Jr. sold 611 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $58.45, for a total transaction of $35,712.95. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
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About Universal Corporation
Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.
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