Bank of America Corp DE lessened its stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 8.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,420,415 shares of the cell phone carrier's stock after selling 627,973 shares during the period. Bank of America Corp DE owned about 0.28% of Vodafone Group worth $96,435,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of VOD. AQR Capital Management LLC lifted its stake in Vodafone Group by 21.4% during the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier's stock worth $622,000 after acquiring an additional 11,703 shares in the last quarter. Empowered Funds LLC grew its position in Vodafone Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier's stock valued at $2,779,000 after acquiring an additional 5,592 shares in the last quarter. Focus Partners Wealth increased its stake in Vodafone Group by 19.7% during the first quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier's stock worth $195,000 after purchasing an additional 3,435 shares during the period. M&T Bank Corp boosted its stake in shares of Vodafone Group by 13.4% in the second quarter. M&T Bank Corp now owns 19,278 shares of the cell phone carrier's stock valued at $206,000 after purchasing an additional 2,285 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Vodafone Group in the second quarter valued at approximately $140,000. 7.84% of the stock is currently owned by hedge funds and other institutional investors.
Vodafone Group Stock Performance
VOD stock opened at $16.19 on Friday. The business has a 50 day moving average price of $14.79 and a 200 day moving average price of $14.99. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. Vodafone Group PLC has a fifty-two week low of $11.12 and a fifty-two week high of $16.60.
Vodafone Group Dividend Announcement
The business also recently disclosed a dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, June 5th were given a dividend of $0.2766 per share. This represents a dividend yield of 376.0%. The ex-dividend date was Friday, June 5th.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on VOD shares. DZ Bank lowered shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 13th. New Street Research raised Vodafone Group from a "neutral" rating to a "buy" rating in a research report on Friday, July 10th. Weiss Ratings cut Vodafone Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, June 4th. Bank of America lowered Vodafone Group from a "neutral" rating to an "underperform" rating and set a $13.13 target price for the company. in a report on Tuesday, May 26th. Finally, Barclays downgraded Vodafone Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $10.57.
View Our Latest Stock Report on Vodafone Group
Vodafone Group Company Profile
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Free Report)
Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.
Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.
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