Vector Group Ltd (NYSE:VGR) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also given Vector Group an industry rank of 99 out of 255 based on the ratings given to related companies.
VGR has been the subject of a number of analyst reports. Zacks Investment Research downgraded Vector Group from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded Vector Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 31st.
VGR traded up $0.05 during trading hours on Friday, hitting $11.25. 529,271 shares of the stock were exchanged, compared to its average volume of 750,871. The stock has a 50-day simple moving average of $11.71 and a 200-day simple moving average of $10.77. Vector Group has a 12 month low of $8.62 and a 12 month high of $14.46. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 20.45 and a beta of 0.70.
Vector Group (NYSE:VGR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.10. The firm had revenue of $504.79 million for the quarter, compared to analysts’ expectations of $526.50 million. Vector Group had a negative return on equity of 21.42% and a net margin of 5.83%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. As a group, equities research analysts anticipate that Vector Group will post 0.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Tuesday, December 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 14.23%. Vector Group’s payout ratio is 290.91%.
A number of institutional investors have recently bought and sold shares of VGR. Nisa Investment Advisors LLC increased its position in shares of Vector Group by 1.0% during the third quarter. Nisa Investment Advisors LLC now owns 106,432 shares of the company’s stock valued at $1,268,000 after acquiring an additional 1,068 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Vector Group by 15.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,031 shares of the company’s stock valued at $78,000 after acquiring an additional 1,096 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Vector Group by 67.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,953 shares of the company’s stock valued at $35,000 after acquiring an additional 1,189 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Vector Group by 5.0% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 25,138 shares of the company’s stock valued at $299,000 after buying an additional 1,197 shares during the period. Finally, Weiss Asset Management LP increased its stake in Vector Group by 8.5% in the 2nd quarter. Weiss Asset Management LP now owns 15,881 shares of the company’s stock valued at $155,000 after buying an additional 1,246 shares during the period. Institutional investors and hedge funds own 49.84% of the company’s stock.
Vector Group Company Profile
Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
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