Entropy Technologies LP Acquires 34,600 Shares of Vodafone Group PLC $VOD

Key Points

• Entropy Technologies LP significantly increased its stake in Vodafone Group PLC by 268.2%, acquiring an additional 34,600 shares, bringing its total holdings to 47,500 shares valued at approximately $445,000.
• Vodafone announced a semi-annual dividend of $0.2355 per share, resulting in a 660.0% dividend yield, while its current dividend payout ratio stands at 42.98%.
• Analysts have mixed sentiments about Vodafone, with a consensus rating of "Hold" and varying price targets, indicating cautious optimism regarding its market performance.

Entropy Technologies LP boosted its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 268.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,500 shares of the cell phone carrier's stock after purchasing an additional 34,600 shares during the period. Entropy Technologies LP's holdings in Vodafone Group were worth $445,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its stake in Vodafone Group by 65.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock valued at $30,000 after buying an additional 1,250 shares during the period. Wayfinding Financial LLC bought a new stake in Vodafone Group in the first quarter valued at approximately $31,000. NBC Securities Inc. raised its stake in 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 during the period. GeoWealth Management LLC raised its stake in 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 during the period. Finally, Opal Wealth Advisors LLC bought a new stake in Vodafone Group in the first quarter valued at approximately $60,000. 7.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VOD has been the topic of several research analyst reports. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a research note on Wednesday, April 23rd. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a research note on Thursday, June 26th. Morgan Stanley initiated coverage on Vodafone Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating on the stock. The Goldman Sachs Group lowered Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price on the stock. in a research note on Thursday, July 31st. Finally, Wall Street Zen lowered Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Vodafone Group has a consensus rating of "Hold" and an average target price of $136.00.

Vodafone Group Price Performance

NASDAQ:VOD traded up $0.06 during trading hours on Monday, reaching $11.73. 2,579,821 shares of the company were exchanged, compared to its average volume of 11,843,611. The company has a market capitalization of $28.45 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.56 and a beta of 0.62. Vodafone Group PLC has a 1-year low of $8.00 and a 1-year high of $11.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The business has a 50 day moving average of $10.82 and a 200 day moving average of $9.79.

Vodafone Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, August 1st. Investors of record on Friday, June 6th were given a dividend of $0.2355 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a yield of 660.0%. Vodafone Group's dividend payout ratio is currently 42.98%.

About Vodafone Group

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.