Mutual of America Capital Management LLC lowered its holdings in shares of Vector Group Ltd. (NYSE:VGR) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 390,333 shares of the company’s stock after selling 3,233 shares during the period. Mutual of America Capital Management LLC owned about 0.30% of Vector Group worth $8,322,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of VGR. Renaissance Technologies LLC raised its holdings in shares of Vector Group by 14.3% during the 1st quarter. Renaissance Technologies LLC now owns 7,542,903 shares of the company’s stock worth $156,892,000 after buying an additional 942,683 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Vector Group by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 8,657,511 shares of the company’s stock worth $180,077,000 after buying an additional 288,771 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Vector Group by 83.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 460,071 shares of the company’s stock worth $9,809,000 after buying an additional 209,830 shares in the last quarter. TCW Group Inc. acquired a new position in shares of Vector Group during the 1st quarter worth $4,251,000. Finally, Martingale Asset Management L P acquired a new position in shares of Vector Group during the 1st quarter worth $3,475,000. 47.61% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on the company. BidaskClub raised Vector Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research cut Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, TheStreet cut Vector Group from a “b-” rating to a “c+” rating in a report on Thursday, July 27th.
Vector Group Ltd. (NYSE:VGR) traded up 1.02% during trading on Monday, hitting $21.87. The stock had a trading volume of 260,228 shares. The company has a 50-day moving average of $21.19 and a 200-day moving average of $21.26. Vector Group Ltd. has a 52 week low of $19.63 and a 52 week high of $23.24. The stock has a market capitalization of $2.82 billion, a P/E ratio of 59.11 and a beta of 0.45.
Vector Group (NYSE:VGR) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. Vector Group had a negative return on equity of 36.72% and a net margin of 2.86%. The company had revenue of $472.00 million for the quarter, compared to the consensus estimate of $449.40 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Vector Group Ltd. will post $0.67 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Wednesday, September 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Tuesday, September 19th. This is an increase from Vector Group’s previous quarterly dividend of $0.38. Vector Group’s dividend payout ratio (DPR) is 410.26%.
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, 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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