Oppenheimer Asset Management Inc. lifted its position in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 18.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,998,450 shares of the cell phone carrier's stock after acquiring an additional 944,189 shares during the quarter. Vodafone Group accounts for 0.7% of Oppenheimer Asset Management Inc.'s portfolio, making the stock its 21st largest position. Oppenheimer Asset Management Inc. owned about 0.25% of Vodafone Group worth $56,205,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in VOD. NBC Securities Inc. increased its stake in Vodafone Group by 116,833.3% in the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock worth $32,000 after buying an additional 3,505 shares during the period. Smartleaf Asset Management LLC increased its stake 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 worth $41,000 after buying an additional 1,899 shares during the period. GeoWealth Management LLC increased its stake in Vodafone Group by 258.0% in the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock worth $44,000 after buying an additional 3,733 shares during the period. CoreCap Advisors LLC increased its stake in Vodafone Group by 509.7% in the 4th quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock worth $58,000 after buying an additional 5,709 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in Vodafone Group in the 1st quarter worth about $60,000. Institutional investors own 7.84% of the company's stock.
Vodafone Group Stock Performance
Shares of VOD stock traded up $0.23 during trading hours on Tuesday, hitting $10.44. The company's stock had a trading volume of 11,282,800 shares, compared to its average volume of 8,996,917. 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 company has a 50 day moving average of $9.83 and a 200 day moving average of $9.10. Vodafone Group PLC has a 12-month low of $8.00 and a 12-month high of $10.60. The stock has a market cap of $25.88 billion, a PE ratio of 9.16 and a beta of 0.58.
Vodafone Group Cuts Dividend
The company also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 6th will be paid a $0.2355 dividend. This represents a dividend yield of 6.6%. The ex-dividend date is Friday, June 6th. Vodafone Group's dividend payout ratio is currently 41.23%.
Analysts Set New Price Targets
VOD has been the topic of a number of research reports. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Bank of America downgraded shares of Vodafone Group from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. Finally, DZ Bank raised shares of Vodafone Group from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Vodafone Group has a consensus rating of "Hold".
Read Our Latest Analysis 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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