Choreo LLC Takes Position in Vector Group Ltd. (NYSE:VGR)

Choreo LLC bought a new position in shares of Vector Group Ltd. (NYSE:VGR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,291 shares of the company’s stock, valued at approximately $156,000.

A number of other institutional investors have also recently added to or reduced their stakes in VGR. ORG Partners LLC raised its stake in shares of Vector Group by 252.3% in the 2nd quarter. ORG Partners LLC now owns 6,039 shares of the company’s stock worth $66,000 after buying an additional 4,325 shares in the last quarter. Somerset Trust Co acquired a new position in Vector Group during the second quarter worth about $110,000. SpiderRock Advisors LLC bought a new stake in Vector Group in the first quarter worth about $112,000. Rothschild Investment LLC bought a new stake in Vector Group in the second quarter worth about $116,000. Finally, Covestor Ltd lifted its holdings in Vector Group by 87.8% in the 1st quarter. Covestor Ltd now owns 11,773 shares of the company’s stock valued at $129,000 after acquiring an additional 5,503 shares during the last quarter. 64.09% of the stock is currently owned by institutional investors and hedge funds.

Vector Group Stock Down 0.2 %

Shares of Vector Group stock opened at $14.92 on Friday. Vector Group Ltd. has a 12-month low of $9.27 and a 12-month high of $15.53. The firm has a market capitalization of $2.35 billion, a PE ratio of 12.86 and a beta of 1.04. The stock’s fifty day moving average is $13.75 and its 200-day moving average is $11.75.

Vector Group (NYSE:VGR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $371.91 million for the quarter, compared to analysts’ expectations of $362.90 million. Analysts expect that Vector Group Ltd. will post 1.22 EPS for the current year.

Vector Group Dividend Announcement

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

Analyst Ratings Changes

VGR has been the topic of several recent research reports. Barclays lifted their price objective on shares of Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. StockNews.com started coverage on shares of Vector Group in a research report on Monday, September 16th. They issued a “buy” rating on the stock.

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.