Vector Group Ltd. (NYSE:VGR) Shares Bought by Quarry LP

Quarry LP increased its stake in Vector Group Ltd. (NYSE:VGR) by 112.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,648 shares of the company’s stock after acquiring an additional 5,110 shares during the quarter. Quarry LP’s holdings in Vector Group were worth $102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in Vector Group in the 2nd quarter worth about $59,000. ORG Partners LLC raised its holdings in shares of Vector Group by 252.3% during the second quarter. ORG Partners LLC now owns 6,039 shares of the company’s stock valued at $66,000 after acquiring an additional 4,325 shares during the period. Somerset Trust Co purchased a new stake in shares of Vector Group in the 2nd quarter valued at approximately $110,000. SpiderRock Advisors LLC acquired a new position in Vector Group in the 1st quarter worth approximately $112,000. Finally, Rothschild Investment LLC purchased a new position in Vector Group during the 2nd quarter worth approximately $116,000. 64.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VGR shares. Barclays lifted their price target on Vector Group from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. StockNews.com began coverage on Vector Group in a report on Wednesday. They issued a “buy” rating on the stock.

Vector Group Stock Down 0.0 %

Vector Group stock opened at $14.92 on Wednesday. Vector Group Ltd. has a 12 month low of $9.27 and a 12 month high of $15.53. The stock has a market cap of $2.35 billion, a P/E ratio of 12.86 and a beta of 1.04. The company’s fifty day simple moving average is $14.27 and its 200-day simple moving average is $11.98.

Vector Group (NYSE:VGR) last issued its earnings results on Wednesday, July 31st. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. Vector Group had a negative return on equity of 26.96% and a net margin of 14.05%. The company had revenue of $371.91 million for the quarter, compared to analyst estimates of $362.90 million. On average, equities research analysts expect that Vector Group Ltd. will post 1.22 earnings per share for the current fiscal year.

Vector Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date was Friday, August 30th. Vector Group’s dividend payout ratio (DPR) is presently 68.97%.

About Vector Group

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.