Vector Group Ltd (NYSE:VGR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.84 and traded as high as $13.33. Vector Group shares last traded at $13.19, with a volume of 58,395 shares changing hands.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Vector Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Friday, November 8th. ValuEngine downgraded Vector Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd.

The business has a 50-day moving average price of $13.15 and a 200 day moving average price of $11.84. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 24.02 and a beta of 0.75.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. Vector Group had a negative return on equity of 21.00% and a net margin of 5.83%. The company had revenue of $504.79 million during the quarter, compared to the consensus estimate of $526.50 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts forecast that Vector Group Ltd will post 0.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.11%. Vector Group’s dividend payout ratio (DPR) is presently 290.91%.

In other Vector Group news, major shareholder Phillip Md Et Al Frost sold 5,750,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $12.50, for a total transaction of $71,875,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bennett S. Lebow sold 250,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $13.11, for a total transaction of $3,277,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,453,272 shares of company stock worth $80,958,914. Company insiders own 11.50% of the company’s stock.

Large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC raised its stake in Vector Group by 67.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,953 shares of the company’s stock valued at $35,000 after purchasing an additional 1,189 shares during the period. Venturi Wealth Management LLC bought a new stake in Vector Group during the third quarter valued at approximately $55,000. Public Employees Retirement System of Ohio lifted its position in Vector Group by 15.8% during the second quarter. Public Employees Retirement System of Ohio now owns 8,031 shares of the company’s stock valued at $78,000 after purchasing an additional 1,096 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Vector Group by 86.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,830 shares of the company’s stock worth $91,000 after acquiring an additional 3,632 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Vector Group by 95.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,405 shares of the company’s stock worth $112,000 after acquiring an additional 4,595 shares during the last quarter. 61.01% of the stock is currently owned by institutional investors.

Vector Group Company Profile (NYSE:VGR)

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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