Vector Group Ltd (NYSE:VGR) Given Consensus Rating of “Hold” by Analysts

Shares of Vector Group Ltd (NYSE:VGR) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, 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 190 out of 255 based on the ratings given to related companies.

Several research analysts have recently commented on VGR shares. ValuEngine raised Vector Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 31st. Zacks Investment Research raised Vector Group from a “sell” rating to a “hold” rating in a report on Saturday, July 13th.

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Vector Group by 15.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,031 shares of the company’s stock worth $78,000 after buying an additional 1,096 shares in the last quarter. AE Wealth Management LLC acquired a new position in Vector Group during the 2nd quarter worth $99,000. MML Investors Services LLC acquired a new position in Vector Group during the 2nd quarter worth $123,000. HBK Sorce Advisory LLC acquired a new position in Vector Group during the 2nd quarter worth $298,000. Finally, Zebra Capital Management LLC acquired a new position in Vector Group during the 2nd quarter worth $139,000. 49.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VGR opened at $11.19 on Wednesday. The company has a market capitalization of $1.69 billion, a P/E ratio of 16.44 and a beta of 0.70. Vector Group has a one year low of $8.62 and a one year high of $14.46. The business’s 50 day simple moving average is $11.99 and its 200-day simple moving average is $10.60.

Vector Group (NYSE:VGR) last announced its earnings results on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.10 by $0.19. The business had revenue of $538.40 million for the quarter, compared to the consensus estimate of $494.50 million. Vector Group had a negative return on equity of 19.73% and a net margin of 4.55%. Vector Group’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. Sell-side analysts anticipate that Vector Group will post 0.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 14.30%. The ex-dividend date was Monday, September 16th. Vector Group’s dividend payout ratio is 290.91%.

About Vector Group

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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