Vector Group (NYSE:VGR) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Vector Group (NYSE:VGRFree Report) from a buy rating to a strong-buy rating in a research note released on Thursday.

Vector Group Price Performance

NYSE VGR opened at $10.70 on Thursday. The firm has a market cap of $1.68 billion, a P/E ratio of 9.22 and a beta of 1.06. The stock’s 50-day moving average is $10.56 and its 200-day moving average is $10.82. Vector Group has a one year low of $9.27 and a one year high of $13.43.

Vector Group (NYSE:VGRGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $324.57 million for the quarter, compared to analyst estimates 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 prior year, the business earned $0.22 EPS. Equities analysts anticipate that Vector Group will post 1.16 EPS for the current year.

Vector Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.48%. Vector Group’s payout ratio is presently 68.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of Vector Group by 16.8% during the third quarter. Covestor Ltd now owns 9,902 shares of the company’s stock worth $106,000 after buying an additional 1,424 shares in the last quarter. Antonetti Capital Management LLC grew its holdings in shares of Vector Group by 34.6% during the third quarter. Antonetti Capital Management LLC now owns 5,840 shares of the company’s stock worth $62,000 after buying an additional 1,500 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Vector Group by 7.5% during the first quarter. ProShare Advisors LLC now owns 29,033 shares of the company’s stock worth $318,000 after buying an additional 2,020 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Vector Group by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 36,093 shares of the company’s stock worth $407,000 after buying an additional 2,297 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Vector Group by 14.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 20,187 shares of the company’s stock worth $221,000 after buying an additional 2,473 shares in the last quarter. 64.09% of the stock is currently owned by institutional investors.

Vector Group Company Profile

(Get Free Report)

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.

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