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

CWA Asset Management Group LLC bought a new stake in shares of Vector Group Ltd. (NYSE:VGR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,572 shares of the company’s stock, valued at approximately $352,000.

A number of other large investors also recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new position in Vector Group in the 2nd quarter valued at approximately $59,000. ORG Partners LLC lifted its position in 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. Quarry LP lifted its position in Vector Group by 112.6% in the 2nd quarter. Quarry LP now owns 9,648 shares of the company’s stock worth $102,000 after buying an additional 5,110 shares in the last quarter. Somerset Trust Co purchased a new stake in Vector Group in the 2nd quarter worth approximately $110,000. Finally, Rothschild Investment LLC purchased a new stake in Vector Group in the 2nd quarter worth approximately $116,000. Institutional investors and hedge funds own 64.09% of the company’s stock.

Vector Group Price Performance

VGR stock opened at $14.99 on Wednesday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 12.92 and a beta of 1.04. Vector Group Ltd. has a 12 month low of $9.27 and a 12 month high of $15.53. The firm has a 50 day moving average of $14.96 and a two-hundred day moving average of $12.94.

Vector Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VGR. StockNews.com started coverage on shares of Vector Group in a research report on Monday. They issued a “strong-buy” rating for the company. Barclays boosted 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 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.