ACR Alpine Capital Research LLC Purchases 3,690,617 Shares of Vodafone Group PLC (NASDAQ:VOD)

ACR Alpine Capital Research LLC lifted its position in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 16.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 5.0% of ACR Alpine Capital Research LLC's holdings, making the stock its 12th biggest holding. ACR Alpine Capital Research LLC owned 1.09% of Vodafone Group worth $240,780,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Hazlett Burt & Watson Inc. grew its stake in shares of Vodafone Group by 65.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after acquiring an additional 1,250 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Vodafone Group in the first quarter valued at $31,000. NBC Securities Inc. grew its stake in shares of Vodafone Group by 116,833.3% in the first 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 in the last quarter. GeoWealth Management LLC grew its stake in shares of Vodafone Group by 258.0% in the fourth 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 in the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of Vodafone Group by 509.7% in the fourth 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 in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Stock Performance

Shares of Vodafone Group stock traded up $0.22 during trading on Thursday, reaching $11.52. The company's stock had a trading volume of 11,413,475 shares, compared to its average volume of 8,420,760. The business's 50-day moving average price is $10.49 and its 200-day moving average price is $9.45. The firm has a market cap of $30.18 billion, a PE ratio of 10.11, a P/E/G ratio of 0.55 and a beta of 0.59. Vodafone Group PLC has a 52 week low of $8.00 and a 52 week high of $11.67. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85.

Vodafone Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 6th will be issued a $0.2355 dividend. This represents a yield of 6.6%. The ex-dividend date of this dividend is Friday, June 6th. Vodafone Group's dividend payout ratio is currently 41.23%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VOD. Wall Street Zen cut shares of Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. Finally, Morgan Stanley initiated coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. One equities 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. According to data from MarketBeat, the stock currently has an average rating of "Hold".

Vodafone Group 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.