GAMMA Investing LLC grew its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 648.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,518 shares of the cell phone carrier's stock after acquiring an additional 35,971 shares during the quarter. GAMMA Investing LLC's holdings in Vodafone Group were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its position in Vodafone Group by 341.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier's stock worth $35,202,000 after acquiring an additional 3,206,506 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Vodafone Group during the 4th quarter worth approximately $21,969,000. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Vodafone Group by 18.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier's stock worth $123,940,000 after purchasing an additional 2,238,935 shares during the period. Proficio Capital Partners LLC lifted its stake in Vodafone Group by 749.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier's stock valued at $18,270,000 after purchasing an additional 1,898,663 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Vodafone Group during the fourth quarter valued at $10,583,000. 7.84% of the stock is owned by hedge funds and other institutional investors.
Vodafone Group Price Performance
VOD traded up $0.01 during trading on Monday, reaching $10.21. 14,729,173 shares of the company were exchanged, compared to its average volume of 8,966,176. The company's 50-day moving average is $9.77 and its two-hundred day moving average is $9.08. 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 PLC has a 12-month low of $8.00 and a 12-month high of $10.60. The company has a market cap of $25.31 billion, a price-to-earnings ratio of 8.96 and a beta of 0.58.
Vodafone Group Cuts Dividend
The company 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 $0.2355 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a dividend yield of 6.6%. Vodafone Group's dividend payout ratio (DPR) is currently 41.23%.
Wall Street Analysts Forecast Growth
VOD has been the topic of a number of recent research reports. Bank of America cut Vodafone Group from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. DZ Bank upgraded shares of Vodafone Group from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold".
Read Our Latest Stock Report on Vodafone Group
About Vodafone Group
(
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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