Vector Group Director Bennett S. Lebow Sells 25,000 Shares (VGR)
Vector Group (NYSE:VGR) Director Bennett S. Lebow unloaded 25,000 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $23.77, for a total value of $594,250.00. Following the completion of the sale, the director now directly owns 1,475,958 shares of the company’s stock, valued at approximately $35,083,522. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vector Group (NYSE:VGR) traded up 0.04% on Wednesday, hitting $23.79. The stock had a trading volume of 1,194,477 shares. Vector Group has a 52-week low of $15.50 and a 52-week 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 announced its earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Vector Group will post $0.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.73%. The ex-dividend date is Thursday, September 11th.
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 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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