Vector Group Ltd. (NYSE:VGR) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Vector Group from a “strong sell” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, June 30th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $27.00 price objective on shares of Vector Group in a research report on Tuesday, August 30th.

Shares of Vector Group (NYSE:VGR) opened at 21.68 on Friday. The company has a market cap of $2.68 billion, a PE ratio of 41.69 and a beta of 0.39. Vector Group has a one year low of $20.30 and a one year high of $25.60. The stock’s 50 day moving average price is $22.21 and its 200-day moving average price is $22.04.

Vector Group (NYSE:VGR) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.02. The company had revenue of $438.30 million for the quarter, compared to the consensus estimate of $430.70 million. Vector Group had a negative return on equity of 55.23% and a net margin of 3.65%. Vector Group’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. On average, analysts expect that Vector Group will post $0.71 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, September 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.38%. Vector Group’s dividend payout ratio is presently 313.73%.

Several large investors have recently bought and sold shares of the company. Cowen Group Inc. acquired a new stake in Vector Group during the second quarter worth $751,000. Royal Bank of Canada raised its stake in Vector Group by 1.1% in the second quarter. Royal Bank of Canada now owns 4,832,531 shares of the company’s stock worth $108,345,000 after buying an additional 54,446 shares in the last quarter. IFP Advisors Inc raised its stake in Vector Group by 6.5% in the second quarter. IFP Advisors Inc now owns 11,159 shares of the company’s stock worth $250,000 after buying an additional 680 shares in the last quarter. Investment Centers of America Inc. raised its stake in Vector Group by 5.0% in the second quarter. Investment Centers of America Inc. now owns 12,228 shares of the company’s stock worth $274,000 after buying an additional 578 shares in the last quarter. Finally, Sterneck Capital Management LLC raised its stake in Vector Group by 22.4% in the second quarter. Sterneck Capital Management LLC now owns 19,128 shares of the company’s stock worth $429,000 after buying an additional 3,500 shares in the last quarter. Institutional investors own 44.83% of the company’s stock.

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; the sale of electronic cigarettes (e-cigarettes) in the United States through its Zoom E-Cigs LLC (Zoom) subsidiary, 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.

5 Day Chart for NYSE:VGR

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