The Vanguard Group, Inc. recently announced the acquisition of new stake in Vector Group Ltd. (NYSE:VGR). The institutional investor has increased its shareholding in the Consumer Defensive company by 0.86% to 13.54 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 8.84% valued currently at $154.74 million. In addition, Renaissance Technologies LLC raised its holdings by 0.13 million to 10.23 million shares. And Capital Research & Management Co…. has lifted its position by 283.31% or 7.09 million shares – to 9.6 million shares.
With over 0.83 million Vector Group Ltd. (VGR) shares trading Monday and a closing price of $9.60 on the day, the dollar volume was approximately $8.0 million. The shares have shown a negative weekly performance of -2.64% and its price on 07/06/20 lost nearly -0.72%. Currently, there are 147.00M common shares owned by the public and among those 126.58M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for VGR have a consensus price objective of $24.49. The analysts have set the share’s price value over the next 12 months at a high of $24.49 and a low of $24.49 should the stock experience a downside. Incidentally, analysts’ outlook for the Vector Group Ltd. with estimated low will see the stock gain 60.8% over that period. But an upside of 60.8% will see the stock hit the forecast high price target while mean target price for the stock is $24.49.
Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 4,435,380 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 10,463,440 shares.
The top 3 mutual fund holders in Vector Group Ltd. are iShares Core S&P Small Cap ETF, Capital Income Builder, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 6.87 million shares of the company’s stock, all valued at over $78.54 million. The company bought an additional 3040.0 shares recently to bring their total holdings to about 4.49% of the shares outstanding. Capital Income Builder bought 5.74 million shares to see its total holdings expand to 6.53 million shares valued at over $74.67 million and representing 4.27% of the shares outstanding. Vanguard Total Stock Market Index sold 24079.0 shares to bring its total holdings to over 3.37 million shares at a value of $38.53 million. Vanguard Total Stock Market Index now owns shares totaling to 2.20% of the shares outstanding.
Shares of Vector Group Ltd. (NYSE: VGR) opened at $9.80, up $0.13 from a prior closing price of $9.67. However, the script later closed the day at $9.60, down -0.72%. The company’s stock has a 5-day price change of -2.64% and 10.34% over the past three months. VGR shares are trading -28.30% year to date (YTD), with the 12-month market performance up to 3.49% higher. It has a 12-month low price of $7.92 and touched a high of $14.42 over the same period. Currently, 0.83 million shares have been traded, compared to an average intraday trading volume of 1.24 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.81%, -13.20%, and -18.75% respectively.
Institutional ownership of Vector Group Ltd. (NYSE: VGR) shares accounts for 58.80% of the company’s 147.00M shares outstanding. Mutual fund holders own 21.23%, while other institutional holders and individual stakeholders account for 37.23% and 21.07% respectively.
It has a market capitalization of $1.51B and a beta (3y monthly) value of 1.00. The stock’s trailing 12-month PE ratio is 18.36, while the earnings-per-share (ttm) stands at $0.52. The company has a PEG of 1.67 and a Quick Ratio of 1.30 . Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.66% over the week and 4.35% over the month.
Analysts forecast that Vector Group Ltd. (VGR) will achieve an EPS of $0.11 for the current quarter, $0.18 for the next quarter and $0.61 for 2021. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0.28 a year ago. Earnings per share for the fiscal year are expected to increase by 89.50%, and 48.78% over the next financial year. EPS should shrink at an annualized rate of 11.00% over the next five years, compared to 18.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Vector Group Ltd. (VGR) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VGR, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on July 30, 2015, with the firm’s price target at $25-$27. Oppenheimer coverage for the Vector Group Ltd. (VGR) stock in a research note released on June 05, 2014 offered a Outperform rating with a price target of $25. Argus was of a view on October 07, 2009 that the stock is Hold.