Parametric Portfolio Associates LLC Sells 21,981 Shares of Vector Group Ltd. (VGR)
Parametric Portfolio Associates LLC trimmed its position in shares of Vector Group Ltd. (NYSE:VGR) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,973 shares of the company’s stock after selling 21,981 shares during the period. Parametric Portfolio Associates LLC owned about 0.33% of Vector Group worth $9,018,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Vector Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 8,786,883 shares of the company’s stock worth $187,336,000 after acquiring an additional 129,372 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 worth $49,524,000 after acquiring an additional 22,806 shares in the last quarter. State Street Corp raised its holdings 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 worth $40,137,000 after acquiring an additional 136,772 shares in the last quarter. Acadian Asset Management LLC raised its holdings 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 worth $30,158,000 after acquiring an additional 61,204 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Vector Group by 1.1% during the second quarter. Advisors Asset Management Inc. now owns 1,357,658 shares of the company’s stock worth $28,945,000 after acquiring an additional 15,208 shares in the last quarter. Institutional investors and hedge funds own 45.35% of the company’s stock.
Several analysts recently issued reports on VGR shares. TheStreet lowered Vector Group from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. BidaskClub lowered Vector Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research upgraded Vector Group from a “sell” rating to a “hold” rating in a report on Thursday, July 6th.
Shares of Vector Group Ltd. (NYSE VGR) opened at 20.87 on Friday. The company’s 50 day moving average price is $20.56 and its 200 day moving average price is $20.33. Vector Group Ltd. has a one year low of $18.70 and a one year high of $22.13. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 59.29 and a beta of 0.44.
Vector Group (NYSE:VGR) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.18 by $0.07. The business had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $449.40 million. Vector Group had a net margin of 2.86% and a negative return on equity of 36.72%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. On average, analysts expect that Vector Group Ltd. will post $0.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Wednesday, September 20th were given a $0.40 dividend. This is a boost from Vector Group’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 7.67%. The ex-dividend date was Tuesday, September 19th. Vector Group’s payout ratio is currently 430.78%.
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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