Charles Schwab Investment Management Inc. Sells 172,818 Shares of Vector Group Ltd. (NYSE:VGR)

Charles Schwab Investment Management Inc. decreased its stake in shares of Vector Group Ltd. (NYSE:VGR) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,802,820 shares of the company’s stock after selling 172,818 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.16% of Vector Group worth $20,336,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VGR. Raymond James & Associates raised its stake in shares of Vector Group by 23.7% during the third quarter. Raymond James & Associates now owns 18,168 shares of the company’s stock valued at $193,000 after acquiring an additional 3,478 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Vector Group by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 51,349 shares of the company’s stock valued at $546,000 after purchasing an additional 5,000 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Vector Group in the 3rd quarter worth $830,000. Wealthstar Advisors LLC bought a new position in shares of Vector Group during the 3rd quarter worth $268,000. Finally, Quantbot Technologies LP purchased a new position in shares of Vector Group during the third quarter valued at $43,000. 64.09% of the stock is owned by hedge funds and other institutional investors.

Vector Group Price Performance

VGR stock opened at $10.84 on Friday. Vector Group Ltd. has a 1-year low of $9.27 and a 1-year high of $13.43. The business has a 50-day moving average price of $10.54 and a 200 day moving average price of $10.80. The company has a market capitalization of $1.71 billion, a P/E ratio of 9.34 and a beta of 1.06.

Vector Group (NYSE:VGR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $324.57 million during the quarter, compared to analysts’ expectations of $333.30 million. Vector Group had a negative return on equity of 25.89% and a net margin of 12.98%. During the same period in the previous year, the company posted $0.22 EPS. On average, analysts anticipate that Vector Group Ltd. will post 1.16 earnings per share for the current fiscal year.

Vector Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.80 annualized dividend and a yield of 7.38%. Vector Group’s dividend payout ratio (DPR) is presently 68.97%.

Vector Group Profile

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20's, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.