Mackenzie Financial Corp Sells 48,533 Shares of Vector Group Ltd. (NYSE:VGR)

Mackenzie Financial Corp reduced its stake in Vector Group Ltd. (NYSE:VGR) by 79.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,689 shares of the company’s stock after selling 48,533 shares during the period. Mackenzie Financial Corp’s holdings in Vector Group were worth $143,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Clark Estates Inc. NY bought a new position in Vector Group in the 3rd quarter worth about $3,000,000. Deutsche Bank AG lifted its holdings in shares of Vector Group by 95.7% in the third quarter. Deutsche Bank AG now owns 534,358 shares of the company’s stock worth $5,686,000 after buying an additional 261,358 shares in the last quarter. Invesco Ltd. boosted its position in shares of Vector Group by 24.2% in the third quarter. Invesco Ltd. now owns 1,249,177 shares of the company’s stock valued at $13,291,000 after acquiring an additional 243,214 shares during the period. Pekin Hardy Strauss Inc. purchased a new position in Vector Group during the third quarter valued at approximately $1,310,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Vector Group by 14.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 822,119 shares of the company’s stock worth $8,747,000 after acquiring an additional 101,171 shares during the period. 64.09% of the stock is currently owned by hedge funds and other institutional investors.

Vector Group Price Performance

VGR opened at $10.43 on Tuesday. Vector Group Ltd. has a one year low of $9.80 and a one year high of $13.43. The firm has a market capitalization of $1.64 billion, a P/E ratio of 8.99 and a beta of 1.02. The company has a fifty day moving average price of $10.68 and a 200-day moving average price of $10.78.

Vector Group (NYSE:VGR) last announced its earnings results on Tuesday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. The business had revenue of $360.35 million during the quarter, compared to analyst estimates of $357.60 million. Vector Group had a net margin of 12.89% and a negative return on equity of 24.93%. On average, analysts expect that Vector Group Ltd. will post 1.24 earnings per share for the current year.

Vector Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date was Friday, March 1st. Vector Group’s payout ratio is currently 68.97%.

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.