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Bailard Inc. Has $637,000 Stock Holdings in Vodafone Group PLC (NASDAQ:VOD)

Vodafone Group logo with Computer and Technology background

Bailard Inc. grew its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 71.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,966 shares of the cell phone carrier's stock after purchasing an additional 28,254 shares during the quarter. Bailard Inc.'s holdings in Vodafone Group were worth $637,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Barclays PLC boosted its stake in Vodafone Group by 57,500.0% during the 4th quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock worth $254,000 after purchasing an additional 29,900 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Vodafone Group in the 4th quarter valued at $970,000. Waverly Advisors LLC acquired a new stake in shares of Vodafone Group during the fourth quarter valued at about $216,000. Sequoia Financial Advisors LLC purchased a new stake in Vodafone Group in the first quarter valued at approximately $125,000. Finally, Stifel Financial Corp lifted its position in shares of Vodafone Group by 8.8% during the fourth quarter. Stifel Financial Corp now owns 846,901 shares of the cell phone carrier's stock worth $7,190,000 after purchasing an additional 68,833 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company's stock.

Vodafone Group Trading Down 0.2%

Shares of VOD stock traded down $0.02 on Wednesday, hitting $11.30. The stock had a trading volume of 8,030,486 shares, compared to its average volume of 9,381,112. The company has a fifty day moving average price of $10.44 and a two-hundred day moving average price of $9.43. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The firm has a market cap of $29.60 billion, a P/E ratio of 9.91, a PEG ratio of 0.55 and a beta of 0.59. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $11.33.

Vodafone Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 6th will be given a dividend of $0.2355 per share. This represents a yield of 6.6%. The ex-dividend date of this dividend is Friday, June 6th. Vodafone Group's dividend payout ratio (DPR) is presently 41.23%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VOD. Wall Street Zen cut Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Morgan Stanley started coverage on Vodafone Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold".

Check Out Our Latest Report on VOD

Vodafone Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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