Vector Group Ltd. (VGR) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. grew its position in shares of Vector Group Ltd. (NYSE:VGR) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,718 shares of the company’s stock after purchasing an additional 1,572 shares during the period. Pacer Advisors Inc.’s holdings in Vector Group were worth $314,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Vector Group by 3.5% during the first quarter. Vanguard Group Inc. now owns 8,657,511 shares of the company’s stock valued at $180,077,000 after purchasing an additional 288,771 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Vector Group by 14.3% during the first quarter. Renaissance Technologies LLC now owns 7,542,903 shares of the company’s stock valued at $156,892,000 after purchasing an additional 942,683 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Vector Group by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,380,984 shares of the company’s stock valued at $49,524,000 after purchasing an additional 22,806 shares in the last quarter. State Street Corp grew its position in shares of Vector Group by 7.6% during the first quarter. State Street Corp now owns 1,929,674 shares of the company’s stock valued at $40,137,000 after purchasing an additional 136,772 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Vector Group by 4.5% during the second quarter. Acadian Asset Management LLC now owns 1,414,466 shares of the company’s stock valued at $30,158,000 after purchasing an additional 61,204 shares in the last quarter. Hedge funds and other institutional investors own 47.68% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Vector Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. BidaskClub lowered Vector Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, TheStreet lowered Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th.
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Vector Group Ltd. (NYSE:VGR) opened at 21.74 on Wednesday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 58.76 and a beta of 0.45. The company has a 50-day moving average price of $21.13 and a 200 day moving average price of $21.27. Vector Group Ltd. has a 52-week low of $19.63 and a 52-week high of $23.24.
Vector Group (NYSE:VGR) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. Vector Group had a net margin of 2.86% and a negative return on equity of 36.72%. The company had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $449.40 million. During the same quarter in the prior year, the company earned $0.20 EPS. Vector Group’s revenue was up 7.7% compared to the same quarter last year. On average, analysts expect that Vector Group Ltd. will post $0.67 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Wednesday, September 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Tuesday, September 19th. This is a boost from Vector Group’s previous quarterly dividend of $0.38. Vector Group’s dividend payout ratio is currently 410.26%.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.
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