Texas Permanent School Fund Has $999,000 Stock Holdings in Vector Group Ltd. (NYSE:VGR)

Texas Permanent School Fund increased its position in Vector Group Ltd. (NYSE:VGRGet Rating) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 95,188 shares of the company’s stock after purchasing an additional 2,411 shares during the quarter. Texas Permanent School Fund’s holdings in Vector Group were worth $999,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VGR. Goldman Sachs Group Inc. grew its stake in shares of Vector Group by 239.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,451,368 shares of the company’s stock valued at $17,474,000 after buying an additional 1,024,249 shares during the period. Victory Capital Management Inc. grew its stake in shares of Vector Group by 200.8% in the 1st quarter. Victory Capital Management Inc. now owns 1,268,620 shares of the company’s stock valued at $16,137,000 after buying an additional 846,808 shares during the period. Vanguard Group Inc. boosted its stake in Vector Group by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 17,140,300 shares of the company’s stock valued at $206,369,000 after purchasing an additional 673,806 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Vector Group by 26.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,939,958 shares of the company’s stock valued at $23,358,000 after purchasing an additional 406,924 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Vector Group by 220.4% during the 1st quarter. Federated Hermes Inc. now owns 533,450 shares of the company’s stock valued at $6,423,000 after purchasing an additional 366,945 shares during the last quarter. 64.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vector Group

In other Vector Group news, Director Bennett S. Lebow sold 66,347 shares of Vector Group stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $10.73, for a total transaction of $711,903.31. Following the transaction, the director now owns 60,677 shares of the company’s stock, valued at approximately $651,064.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Vector Group news, Director Bennett S. Lebow sold 66,347 shares of Vector Group stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $10.73, for a total transaction of $711,903.31. Following the transaction, the director now owns 60,677 shares of the company’s stock, valued at approximately $651,064.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bennett S. Lebow sold 170,000 shares of Vector Group stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $10.37, for a total transaction of $1,762,900.00. Following the transaction, the director now directly owns 957,278 shares in the company, valued at approximately $9,926,972.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,347 shares of company stock worth $2,635,753. Insiders own 11.50% of the company’s stock.

Vector Group Stock Performance

VGR stock opened at $11.10 on Friday. The company has a market capitalization of $1.72 billion, a P/E ratio of 11.10 and a beta of 1.09. Vector Group Ltd. has a 52-week low of $8.64 and a 52-week high of $17.39. The business has a 50-day simple moving average of $9.74 and a two-hundred day simple moving average of $10.54.

Vector Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 7.21%. Vector Group’s dividend payout ratio (DPR) is currently 80.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Vector Group in a research note on Wednesday, October 12th. They set a “buy” rating for the company.

About Vector Group

(Get Rating)

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 100 combinations under the EAGLE 20's, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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