Loeb Partners Corp Has $1,209,000 Stake in Vector Group Ltd (VGR)
Loeb Partners Corp maintained its position in shares of Vector Group Ltd (NYSE:VGR) during the first quarter, Holdings Channel reports. The institutional investor owned 58,127 shares of the company’s stock at the end of the first quarter. Loeb Partners Corp’s holdings in Vector Group were worth $1,209,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Vector Group by 0.8% in the fourth quarter. State Street Corp now owns 1,792,902 shares of the company’s stock valued at $40,771,000 after buying an additional 13,501 shares during the period. BlackRock Investment Management LLC increased its position in shares of Vector Group by 5.6% in the third quarter. BlackRock Investment Management LLC now owns 368,452 shares of the company’s stock valued at $7,933,000 after buying an additional 19,615 shares during the period. National Planning Corp increased its position in shares of Vector Group by 0.4% in the fourth quarter. National Planning Corp now owns 48,181 shares of the company’s stock valued at $1,067,000 after buying an additional 205 shares during the period. Advisors Asset Management Inc. increased its position in shares of Vector Group by 0.5% in the third quarter. Advisors Asset Management Inc. now owns 1,302,674 shares of the company’s stock valued at $28,047,000 after buying an additional 7,116 shares during the period. Finally, Swiss National Bank increased its position in shares of Vector Group by 2.6% in the third quarter. Swiss National Bank now owns 157,331 shares of the company’s stock valued at $3,387,000 after buying an additional 3,992 shares during the period. 44.49% of the stock is currently owned by institutional investors.
Vector Group Ltd (NYSE:VGR) traded down 0.19% during trading on Friday, hitting $21.19. The stock had a trading volume of 541,771 shares. The firm has a 50 day moving average of $20.78 and a 200-day moving average of $21.50. The company has a market cap of $2.75 billion, a P/E ratio of 38.53 and a beta of 0.51. Vector Group Ltd has a one year low of $19.33 and a one year high of $23.24.
Vector Group (NYSE:VGR) last announced its quarterly earnings results on Wednesday, March 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $413 million for the quarter, compared to analysts’ expectations of $399.30 million. Vector Group had a negative return on equity of 50.25% and a net margin of 4.27%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. Equities analysts anticipate that Vector Group Ltd will post $0.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Wednesday, March 22nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date of this dividend was Monday, March 20th. Vector Group’s dividend payout ratio (DPR) is 280.47%.
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Separately, Zacks Investment Research downgraded Vector Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 4th.
In other news, Director Bennett S. Lebow sold 100,000 shares of the business’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $22.09, for a total value of $2,209,000.00. Following the completion of the sale, the director now directly owns 1,719,102 shares of the company’s stock, valued at approximately $37,974,963.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,200,000 shares of company stock valued at $25,932,000 over the last ninety days. 14.00% of the stock is owned by company insiders.
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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