Capital Research & Management Co has recently announced that it has increased stake in Vector Group Ltd (NYSE:VGR) by 0.03%. After grabbing 8.3 million shares, the institutional investor is now in possession of 2739.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 5.32% having worth around $85.34 million. Moreover, Renaissance Technologies LLC increased its share by 0.38 million to have a control over 7.68 million shares. And Geode Capital Management LLC raised its holdings to 0.15 million shares by acquiring 3.07 million shares or 1.97% of the stake.
Vector Group Ltd (VGR) concluded trading on 11/22/23 at a closing price of $10.77, with 0.47 million shares of worth about $5.02 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.11% during that period and on Wednesday the price saw a gain of about 1.22%. Currently the company’s common shares owned by public are about 154.84M shares, out of which, 133.83M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the VGR stock and their offered price forecasts bring an average price target of $15.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.00 and could fall to a lowest price of $15.00. The stock’s current price level is 30.52% above of average price target set by the analysts, while a rise to estimated low would result in gain of 28.2% for the stock. However, touching the estimated high of $16.00 would mean a gain of 32.69% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 42 times over the past 12 months. They bought 1,767,815 shares in 19 of the transactions. In 23 selling transactions, insiders dumped 2,050,504 shares.
iShares Core S&P Small Cap ETF, Capital Income Builder, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Vector Group Ltd iShares Core S&P Small Cap ETF is currently holding 8.92 million shares of worth totaling $91.67 million. The company recently came selling 36928.0 shares which brought its stake up to 5.72% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 4.15 million shares, have now control over 2.66% of the stake in the company. It holds 15983.0 shares of worth $42.7 million.
Vector Group Ltd (NYSE: VGR) started trading at $10.75, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 10.84, or with a gain of 1.22%. Stock saw a price change of 0.47% in past 5 days and over the past one month there was a price change of 1.51%. Year-to-date (YTD), VGR shares are showing a performance of -9.19% which increased to 0.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.86 but also hit the highest price of $14.39 during that period. The average intraday trading volume for Vector Group Ltd shares is 692.99K. The stock is currently trading 2.58% above its 20-day simple moving average (SMA20), while that difference is up 1.19% for SMA50 and it goes to -9.09% lower than SMA200.
Capital Research & Management Co acquired 8.3 million shares of Vector Group Ltd having value of about $85.34 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 2739.0 shares in the company valued at close to $29499.03, or have control over 0.03% stake in the company. Vector Group Ltd (NYSE: VGR) currently have 154.84M outstanding shares and institutions hold larger chunk of about 63.76% of that. Holding of mutual funds in the company is about 21.58% while other institutional holders and individual stake holders have control over 42.31% and 17.93% of the stake respectively.
The stock has a current market capitalization of $1.68B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 9.81, while it has posted earnings per share of $1.10 in the same period. Its PEG reads 0.51 and has Quick Ratio of 1.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VGR, volatility over the week remained 1.74% while standing at 2.46% over the month.
Analysts are in expectations that Vector Group Ltd (VGR) stock would likely to be making an EPS of $0.32 in the current quarter, while forecast for next quarter EPS is $0 and it is $1.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.26 which is $0.38 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.20% while it is estimated to increase by 13.11% in next year. EPS is likely to grow at an annualized rate of 19.10% for next 5-years, compared to annual growth of 14.49% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the Vector Group Ltd (VGR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.50. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on March 31, 2022 offering an Overweight rating for the stock and assigned a target price range of between $12 and $16 to it.
