Vector Group (NYSE:VGR) Now Covered by StockNews.com

StockNews.com started coverage on shares of Vector Group (NYSE:VGR) in a research report released on Tuesday. The brokerage issued a buy rating on the stock.

Separately, Barclays boosted their price objective on shares of Vector Group from $15.00 to $16.00 and gave the company an overweight rating in a research report on Wednesday, August 14th.

Vector Group Stock Up 0.1 %

Shares of Vector Group stock opened at $14.92 on Tuesday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 12.86 and a beta of 1.04. The company has a 50-day simple moving average of $14.15 and a 200 day simple moving average of $11.91. Vector Group has a 12-month low of $9.27 and a 12-month high of $15.53.

Vector Group (NYSE:VGR) last released its earnings results on Wednesday, July 31st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Vector Group had a negative return on equity of 26.96% and a net margin of 14.05%. The company had revenue of $371.91 million during the quarter, compared to the consensus estimate of $362.90 million. On average, equities analysts anticipate that Vector Group will post 1.22 earnings per share for the current year.

Vector Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Friday, August 30th were given a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.36%. Vector Group’s payout ratio is 68.97%.

Institutional Investors Weigh In On Vector Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optimist Retirement Group LLC acquired a new stake in shares of Vector Group in the fourth quarter valued at about $949,000. Thompson Siegel & Walmsley LLC boosted its holdings in Vector Group by 78.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 666,609 shares of the company’s stock worth $7,046,000 after acquiring an additional 293,338 shares during the last quarter. Duality Advisers LP bought a new stake in Vector Group in the 1st quarter worth about $900,000. Tidal Investments LLC purchased a new position in Vector Group in the first quarter worth $527,000. Finally, Quest Partners LLC boosted its holdings in shares of Vector Group by 3,851,600.0% in the 2nd quarter. Quest Partners LLC now owns 38,517 shares of the company’s stock worth $407,000 after buying an additional 38,516 shares during the last quarter. 64.09% of the stock is currently owned by institutional investors.

About Vector Group

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20’s, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.