23,572 Shares in Vector Group Ltd. (NYSE:VGR) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new position in shares of Vector Group Ltd. (NYSE:VGR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,572 shares of the company’s stock, valued at approximately $352,000.

Several other large investors have also modified their holdings of the company. Algert Global LLC boosted its holdings in Vector Group by 72.9% in the 2nd quarter. Algert Global LLC now owns 691,014 shares of the company’s stock valued at $7,304,000 after purchasing an additional 291,404 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in shares of Vector Group by 78.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 666,609 shares of the company’s stock valued at $7,046,000 after buying an additional 293,338 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Vector Group in the 2nd quarter valued at $693,000. Tidal Investments LLC acquired a new position in shares of Vector Group in the 1st quarter valued at $527,000. Finally, Quest Partners LLC raised its stake in shares of Vector Group by 3,851,600.0% in the 2nd quarter. Quest Partners LLC now owns 38,517 shares of the company’s stock valued at $407,000 after buying an additional 38,516 shares in the last quarter. 64.09% of the stock is owned by institutional investors.

Vector Group Price Performance

Shares of Vector Group stock opened at $14.99 on Wednesday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 12.92 and a beta of 1.04. The company has a 50-day simple moving average of $14.96 and a 200 day simple moving average of $12.94. Vector Group Ltd. has a 12-month low of $9.27 and a 12-month high of $15.53.

Vector Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Friday, August 30th. Vector Group’s payout ratio is presently 68.97%.

Analyst Upgrades and Downgrades

VGR has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Vector Group in a research note on Monday. They issued a “strong-buy” rating for the company. Barclays increased their target price on shares of Vector Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th.

Vector Group Company Profile

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.