According to Zacks, “BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses. “
Other equities research analysts also recently issued research reports about the company. Oppenheimer Holdings Inc. reiterated an outperform rating and set a $27.00 price target on shares of Vector Group in a report on Tuesday, August 30th. TheStreet upgraded Vector Group from a hold rating to a buy rating in a report on Friday, September 16th.
Shares of Vector Group (NYSE:VGR) opened at 21.07 on Wednesday. The firm has a market cap of $2.74 billion, a P/E ratio of 42.48 and a beta of 0.39. Vector Group has a 12-month low of $19.33 and a 12-month high of $24.38. The stock’s 50 day moving average price is $21.47 and its 200-day moving average price is $20.97.
Vector Group (NYSE:VGR) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The firm had revenue of $438.30 million for the quarter, compared to the consensus estimate of $430.70 million. Vector Group had a net margin of 3.65% and a negative return on equity of 55.23%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, analysts predict that Vector Group will post $0.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Wednesday, September 21st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 19th. This represents a $1.60 annualized dividend and a yield of 7.59%. Vector Group’s dividend payout ratio (DPR) is currently 329.41%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services Inc increased its position in shares of Vector Group by 35.2% in the first quarter. Commonwealth Equity Services Inc now owns 89,883 shares of the company’s stock worth $2,053,000 after buying an additional 23,424 shares during the period. Aperio Group LLC increased its position in shares of Vector Group by 2.4% in the first quarter. Aperio Group LLC now owns 75,281 shares of the company’s stock worth $1,719,000 after buying an additional 1,771 shares during the period. IFP Advisors Inc increased its position in shares of Vector Group by 101.8% in the first quarter. IFP Advisors Inc now owns 10,479 shares of the company’s stock worth $239,000 after buying an additional 5,285 shares during the period. Teachers Advisors Inc. increased its position in shares of Vector Group by 1.4% in the first quarter. Teachers Advisors Inc. now owns 691,945 shares of the company’s stock worth $15,804,000 after buying an additional 9,812 shares during the period. Finally, Algert Global LLC increased its position in shares of Vector Group by 21.8% in the first quarter. Algert Global LLC now owns 20,476 shares of the company’s stock worth $468,000 after buying an additional 3,665 shares during the period. Hedge funds and other institutional investors own 41.93% of the company’s stock.
About Vector Group
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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