Insider Selling: Vector Group Director Sells 50,000 Shares of Stock (VGR)
Vector Group (NYSE:VGR) Director Bennett S. Lebow sold 50,000 shares of the stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $23.79, for a total value of $1,189,500.00. Following the transaction, the director now directly owns 1,475,958 shares of the company’s stock, valued at approximately $35,113,041. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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) traded up 0.04% during mid-day trading on Wednesday, hitting $23.79. The stock had a trading volume of 1,194,477 shares. Vector Group has a 1-year low of $15.50 and a 1-year high of $24.00. The stock’s 50-day moving average is $21.83 and its 200-day moving average is $20.94. The company has a market cap of $2.389 billion and a P/E ratio of 61.61.
Vector Group (NYSE:VGR) last released its earnings data 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. Analysts expect that Vector Group will post $0.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Monday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date of this dividend is Thursday, September 11th.
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.
Receive News & Ratings for Vector Group Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.