Vector Group (NYSE:VGR) Reaches New 12-Month High at $15.53

Vector Group Ltd. (NYSE:VGR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.53 and last traded at $15.16, with a volume of 1087438 shares traded. The stock had previously closed at $13.99.

Analyst Ratings Changes

Several research analysts recently issued reports on VGR shares. Barclays raised their target price on Vector Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 14th. StockNews.com raised Vector Group from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 25th.

Vector Group Trading Up 8.1 %

The firm has a market capitalization of $2.38 billion, a P/E ratio of 13.04 and a beta of 1.03. The company has a 50-day moving average of $11.87 and a 200-day moving average of $11.12.

Vector Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 5.29%. Vector Group's payout ratio is currently 68.97%.

Institutional Trading of Vector Group

Large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new stake in Vector Group during the 2nd quarter worth about $59,000. ORG Partners LLC grew its holdings in Vector Group by 252.3% during the 2nd quarter. ORG Partners LLC now owns 6,039 shares of the company's stock worth $66,000 after acquiring an additional 4,325 shares during the period. Quarry LP grew its holdings in Vector Group by 112.6% during the 2nd quarter. Quarry LP now owns 9,648 shares of the company's stock worth $102,000 after acquiring an additional 5,110 shares during the period. Private Portfolio Partners LLC acquired a new stake in Vector Group during the 4th quarter worth about $113,000. Finally, Somerset Trust Co acquired a new stake in Vector Group during the 2nd quarter worth about $110,000. 64.09% of the stock is currently owned by institutional investors and hedge funds.

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.