Envestnet Asset Management Increases Stake in Vector Group Ltd
June 22, 2023
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Vector Group ($NYSE:VGR) Ltd. is a holding company that engages in the manufacture and sale of tobacco products. It operates through the following business segments: Tobacco, Real Estate, and E-Cigarettes and Related Products. The company has long been a major player in the tobacco industry, and is one of the largest cigarette manufacturers in the United States. Recently, Envestnet Asset Management Inc. took notice of Vector Group Ltd., increasing its stake in the company’s shares. Envestnet Asset Management Inc. is an independent investment advisor that provides research and advice on investments to its clients.
The company is well-known for its financial expertise and has a strong track record in the stock market. By increasing its stake in Vector Group Ltd., Envestnet has shown that it believes the company’s stock has potential for growth. Furthermore, this move has helped the stock price rise, as investors become more confident in its future prospects. With an expert investor like Envestnet now taking a greater interest in the company, there is likely to be a bright future ahead for Vector Group Ltd.
Price History
The stock opened at $11.8 and closed at $11.8, down by 0.4% from its prior closing price of 11.9. As the company continues to develop and expand its offerings, the increased stake by Envestnet Asset Management Inc. may be indicative of an expected positive upcoming performance and market success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vector Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.46k | 156.01 | 11.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vector Group. More…
| Operations | Investing | Financing |
| 227.3 | -6.05 | -153.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vector Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 955.94 | 1.76k | -5.17 |
Key Ratios Snapshot
Some of the financial key ratios for Vector Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -8.9% | 11.7% | 23.0% |
| FCF Margin | ROE | ROA |
| 14.5% | -26.1% | 22.0% |
Analysis
At GoodWhale, we conducted an analysis of VECTOR GROUP‘s wellbeing. Our Star Chart categorizes companies into various categories, and we classified VECTOR GROUP as ‘rhino’, which we concluded has achieved moderate revenue or earnings growth. This would be attractive to investors who are interested in steady returns. In terms of health, VECTOR GROUP scored 8/10, showing that it is capable of safely riding out any crisis without the risk of bankruptcy. We found that VECTOR GROUP is strong in profitability, medium in dividend and weak in asset and growth. Investors should consider the strengths and weaknesses of each of these factors when making their investment decisions. More…
Peers
The competition between Vector Group Ltd and its competitors is fierce. All of these companies are fighting for market share in the wine industry, and all of them are trying to get an edge on the others. Vector Group Ltd has a strong market position, and it is looking to maintain its position. The company has a strong brand, and it has a loyal customer base. The company is also expanding its product range, and it is investing in new technology. The company is also looking to increase its sales in China.
– Marlborough Wine Estates Group Ltd ($NZSE:MWE)
Marlborough Wine Estates Group Ltd is a wine producer and retailer based in New Zealand. The company has a market cap of 57.91 million as of 2022 and a return on equity of -0.99%. Marlborough Wine Estates Group Ltd produces and sells a variety of wine products under its own brands as well as under private label agreements. The company also owns and operates a number of retail stores in New Zealand and Australia.
– Delegat Group Ltd ($NZSE:DGL)
Delegat Group Ltd is a global wine company with vineyards and production facilities in New Zealand, Australia, and Chile. The company has a market capitalization of 1.04 billion as of 2022 and a return on equity of 12.31%. Delegat Group Ltd is engaged in the production and sale of premium wines. The company’s product portfolio includes red wine, white wine, rose wine, and sparkling wine.
– Foley Wines Ltd ($NZSE:FWL)
Foley Wines Ltd is a wine company with a market cap of 88.09M as of 2022. The company has a return on equity of 5.19%. Foley Wines Ltd produces and sells wine. The company was founded in 1993 and is headquartered in Auckland, New Zealand.
Summary
Vector Group Ltd (VECTOR) is a holding company engaged in a variety of businesses, including the manufacture and sale of cigarettes in the United States through its Liggett Group LLC and Vector Tobacco Inc. subsidiaries, and the distribution of electronic cigarettes and vapor products through its Njoy Inc. subsidiary. VECTOR also engages in real estate activities through its New Valley LLC and Vector Investment Group LLC subsidiaries. Recent analysis shows that VECTOR has a strong balance sheet with substantial cash flows and solid returns.
The stock has been trending higher despite volatile markets and is currently trading at a discount to its peers. Envestnet Asset Management Inc. has recently grown its position in VECTOR, indicating confidence in the company’s future prospects.
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