Phillip Md Et Al Frost Sells 626,250 Shares of Vector Group Ltd (VGR) Stock

Vector Group Ltd (NYSE:VGR) major shareholder Phillip Md Et Al Frost sold 626,250 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $12.43, for a total value of $7,784,287.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Phillip Md Et Al Frost also recently made the following trade(s):

  • On Thursday, November 29th, Phillip Md Et Al Frost sold 765,000 shares of Vector Group stock. The shares were sold at an average price of $13.00, for a total value of $9,945,000.00.
  • On Friday, November 23rd, Phillip Md Et Al Frost sold 50,000 shares of Vector Group stock. The shares were sold at an average price of $13.57, for a total value of $678,500.00.
  • On Wednesday, November 21st, Phillip Md Et Al Frost sold 75,085 shares of Vector Group stock. The shares were sold at an average price of $13.76, for a total value of $1,033,169.60.
  • On Monday, November 26th, Phillip Md Et Al Frost sold 450,085 shares of Vector Group stock. The shares were sold at an average price of $13.57, for a total value of $6,107,653.45.
  • On Friday, November 16th, Phillip Md Et Al Frost sold 100,000 shares of Vector Group stock. The shares were sold at an average price of $14.21, for a total value of $1,421,000.00.
  • On Monday, November 19th, Phillip Md Et Al Frost sold 145,609 shares of Vector Group stock. The shares were sold at an average price of $14.19, for a total value of $2,066,191.71.

NYSE VGR traded down $0.23 on Tuesday, hitting $12.08. 1,847,505 shares of the stock traded hands, compared to its average volume of 1,073,145. Vector Group Ltd has a 12 month low of $12.03 and a 12 month high of $23.14. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 21.19 and a beta of 0.28.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Vector Group had a negative return on equity of 16.61% and a net margin of 4.29%. The business had revenue of $513.90 million during the quarter, compared to analyst estimates of $495.70 million. During the same period in the prior year, the company earned $0.15 earnings per share. Vector Group’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Vector Group Ltd will post 0.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 13.25%. The ex-dividend date of this dividend is Monday, December 17th. Vector Group’s dividend payout ratio (DPR) is 280.70%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can grew its holdings in Vector Group by 28.7% during the second quarter. Bank of Montreal Can now owns 15,128 shares of the company’s stock valued at $288,000 after purchasing an additional 3,371 shares during the period. HCR Wealth Advisors grew its holdings in Vector Group by 10.8% during the third quarter. HCR Wealth Advisors now owns 36,555 shares of the company’s stock valued at $486,000 after purchasing an additional 3,574 shares during the period. Global X Management Co LLC grew its holdings in Vector Group by 0.4% during the second quarter. Global X Management Co LLC now owns 870,411 shares of the company’s stock valued at $16,607,000 after purchasing an additional 3,777 shares during the period. Telemus Capital LLC grew its holdings in Vector Group by 5.0% during the third quarter. Telemus Capital LLC now owns 82,952 shares of the company’s stock valued at $1,143,000 after purchasing an additional 3,948 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in Vector Group by 7.4% during the third quarter. Oppenheimer & Co. Inc. now owns 57,927 shares of the company’s stock valued at $798,000 after purchasing an additional 4,006 shares during the period. 49.08% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on VGR. Oppenheimer reaffirmed a “hold” rating on shares of Vector Group in a report on Wednesday, November 7th. Zacks Investment Research raised Vector Group from a “sell” rating to a “hold” rating in a report on Friday, October 5th. UBS Group lowered Vector Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 3rd. Finally, ValuEngine lowered Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th.

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Vector Group Company Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

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Insider Buying and Selling by Quarter for Vector Group (NYSE:VGR)

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