UBS Asset Management Americas Inc. boosted its position in shares of Vector Group Ltd. (NYSE:VGR) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 53,840 shares of the company’s stock after buying an additional 955 shares during the period. UBS Asset Management Americas Inc.’s holdings in Vector Group were worth $1,207,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in Vector Group by 7,067.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,587 shares of the company’s stock worth $103,000 after buying an additional 4,523 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Vector Group by 203.9% in the second quarter. NEXT Financial Group Inc now owns 5,755 shares of the company’s stock worth $129,000 after buying an additional 3,861 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in Vector Group by 72.3% in the first quarter. BlackRock Japan Co. Ltd now owns 6,583 shares of the company’s stock worth $150,000 after buying an additional 2,763 shares in the last quarter. Naples Global Advisors LLC purchased a new stake in Vector Group during the second quarter worth $224,000. Finally, Moors & Cabot Inc. boosted its stake in Vector Group by 0.5% in the second quarter. Moors & Cabot Inc. now owns 12,202 shares of the company’s stock worth $271,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.
Vector Group Ltd. (NYSE:VGR) traded down 0.49% during mid-day trading on Friday, reaching $20.24. 305,358 shares of the company were exchanged. The firm has a market capitalization of $2.63 billion, a P/E ratio of 40.81 and a beta of 0.39. The stock has a 50-day moving average of $21.37 and a 200 day moving average of $20.91. Vector Group Ltd. has a 1-year low of $19.33 and a 1-year high of $24.38.
Vector Group (NYSE:VGR) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $438.30 million for the quarter, compared to analyst estimates of $430.70 million. Vector Group had a net margin of 3.65% and a negative return on equity of 55.23%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. Equities research analysts forecast that Vector Group Ltd. will post $0.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Wednesday, September 21st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend was Monday, September 19th. Vector Group’s payout ratio is currently 329.41%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Vector Group from a “strong sell” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, June 30th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $27.00 price target on shares of Vector Group in a report on Tuesday, August 30th. Finally, TheStreet upgraded shares of Vector Group from a “hold” rating to a “buy” rating in a report on Friday, September 16th.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries; the sale of electronic cigarettes (e-cigarettes) in the United States through its Zoom E-Cigs LLC (Zoom) subsidiary, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.
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