Vector Group Ltd (NYSE:VGR) Receives Average Rating of “Hold” from Analysts

Vector Group Ltd (NYSE:VGR) has been assigned a consensus 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 recommendation.

Zacks has also assigned Vector Group an industry rank of 163 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Saturday.

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Vector Group by 55.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,384,715 shares of the company’s stock valued at $32,934,000 after buying an additional 1,202,354 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Vector Group by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,097,087 shares of the company’s stock valued at $30,135,000 after purchasing an additional 151,917 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Vector Group by 170.3% in the 4th quarter. Millennium Management LLC now owns 1,913,419 shares of the company’s stock valued at $18,618,000 after buying an additional 1,205,521 shares during the period. Two Sigma Investments LP raised its holdings in shares of Vector Group by 6,110.7% in the 4th quarter. Two Sigma Investments LP now owns 1,799,932 shares of the company’s stock valued at $17,513,000 after buying an additional 1,770,951 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in shares of Vector Group by 79.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,146,476 shares of the company’s stock valued at $11,155,000 after buying an additional 508,534 shares during the period. Institutional investors own 52.34% of the company’s stock.

NYSE VGR traded up $0.02 during trading hours on Tuesday, reaching $9.74. 387,558 shares of the company were exchanged, compared to its average volume of 1,118,052. Vector Group has a 1 year low of $8.62 and a 1 year high of $18.97. The firm has a 50 day simple moving average of $9.67. The company has a market cap of $1.37 billion, a PE ratio of 16.79 and a beta of 0.74.

Vector Group (NYSE:VGR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Vector Group had a net margin of 3.54% and a negative return on equity of 18.17%. The firm had revenue of $420.90 million during the quarter, compared to the consensus estimate of $437.00 million. During the same quarter last year, the business posted $0.04 earnings per share. Vector Group’s revenue was down 1.9% compared to the same quarter last year. On average, research analysts forecast that Vector Group will post 0.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Tuesday, June 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 16.43%. The ex-dividend date was Monday, June 17th. Vector Group’s dividend payout ratio (DPR) is presently 275.86%.

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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