GAMMA Investing LLC boosted its position in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 648.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,518 shares of the cell phone carrier's stock after buying 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 SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Vodafone Group by 63.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock valued at $41,000 after buying an additional 1,899 shares during the last quarter. GeoWealth Management LLC grew 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 purchasing an additional 3,733 shares in the last quarter. CoreCap Advisors LLC grew its stake in 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 purchasing an additional 5,709 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Vodafone Group by 912.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier's stock valued at $61,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Pacific Center for Financial Services grew its stake in Vodafone Group by 33.0% in the fourth quarter. Pacific Center for Financial Services now owns 9,794 shares of the cell phone carrier's stock valued at $83,000 after purchasing an additional 2,428 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.
Vodafone Group Stock Performance
Shares of NASDAQ VOD opened at $10.04 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.23 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 stock has a 50 day moving average of $9.74 and a 200-day moving average of $9.07. The company has a market capitalization of $24.89 billion, a P/E ratio of 8.81 and a beta of 0.58.
Vodafone Group Cuts Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 6th will be paid a dividend of $0.2355 per share. 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 is currently 41.23%.
Analysts Set New Price Targets
VOD has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a research note on Wednesday, April 23rd. Wall Street Zen downgraded Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. DZ Bank upgraded Vodafone Group from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, Bank of America downgraded Vodafone Group from a "buy" rating to a "neutral" rating in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".
Get Our Latest Research 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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