ACR Alpine Capital Research LLC Boosts Stock Position in Vodafone Group PLC (NASDAQ:VOD)

ACR Alpine Capital Research LLC increased its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 16.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,696,928 shares of the cell phone carrier's stock after acquiring an additional 3,690,617 shares during the period. Vodafone Group makes up about 5.0% of ACR Alpine Capital Research LLC's portfolio, making the stock its 12th largest holding. ACR Alpine Capital Research LLC owned 1.09% of Vodafone Group worth $240,780,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. lifted its stake in Vodafone Group by 65.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after purchasing an additional 1,250 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Vodafone Group in the 1st quarter worth approximately $31,000. NBC Securities Inc. raised its position in shares of Vodafone Group by 116,833.3% during the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after buying an additional 3,505 shares during the period. GeoWealth Management LLC raised its position in shares of Vodafone Group by 258.0% during the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock valued at $44,000 after buying an additional 3,733 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Vodafone Group by 509.7% during the 4th quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock valued at $58,000 after buying an additional 5,709 shares during the period. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Stock Down 0.8%

Shares of Vodafone Group stock traded down $0.09 during trading hours on Friday, reaching $11.43. 6,520,440 shares of the company were exchanged, compared to its average volume of 8,099,653. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $11.66. The stock's fifty day moving average is $10.53 and its 200 day moving average is $9.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The firm has a market cap of $29.94 billion, a PE ratio of 10.03, a PEG ratio of 0.56 and a beta of 0.59.

Vodafone Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 6th will be given a dividend of $0.2355 per share. This represents a dividend yield of 6.6%. The ex-dividend date is Friday, June 6th. Vodafone Group's dividend payout ratio is currently 41.23%.

Analysts Set New Price Targets

Several analysts have recently commented on VOD shares. Wall Street Zen lowered shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Morgan Stanley began coverage on Vodafone Group in a research report on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. Finally, Berenberg Bank raised Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Vodafone Group Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.