Vector Group Director Bennett S. Lebow Unloads 50,000 Shares (VGR)
Vector Group (NYSE:VGR) Director Bennett S. Lebow unloaded 50,000 shares of Vector Group stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $22.97, for a total value of $1,148,500.00. Following the completion of the transaction, the director now directly owns 1,475,958 shares in the company, valued at approximately $33,902,755. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Oppenheimer initiated coverage on shares of Vector Group in a research note on Thursday, June 5th. They set an “outperform” rating and a $25.00 price target on the stock.
Vector Group (NYSE:VGR) opened at 23.18 on Friday. Vector Group has a one year low of $15.4286 and a one year high of $23.24. The stock has a 50-day moving average of $21.17 and a 200-day moving average of $20.58. The company has a market cap of $2.328 billion and a price-to-earnings ratio of 60.05.
Vector Group (NYSE:VGR) last announced its earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.05. The company had revenue of $406.64 million for the quarter, compared to the consensus estimate of $369.60 million. Vector Group’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Vector Group will post $0.64 earnings per share for the current fiscal year.
Vector Group Ltd is a holding company. The Company operates in tobacco and real estate. The Tobacco segment consists of the manufacture and sale of cigarettes.
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