Summit Global Investments Acquires New Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Summit Global Investments acquired a new position in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 55,590 shares of the cell phone carrier's stock, valued at approximately $521,000.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in shares of Vodafone Group Public 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 in the last quarter. GeoWealth Management LLC lifted its holdings in shares of Vodafone Group Public by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock worth $44,000 after acquiring an additional 3,733 shares during the last quarter. CoreCap Advisors LLC boosted its position in Vodafone Group Public 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 buying an additional 5,709 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Vodafone Group Public by 912.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier's stock worth $61,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Pacific Center for Financial Services grew its holdings in shares of Vodafone Group Public by 33.0% during the fourth quarter. Pacific Center for Financial Services now owns 9,794 shares of the cell phone carrier's stock worth $83,000 after purchasing an additional 2,428 shares during the last quarter. Institutional investors own 7.84% of the company's stock.

Wall Street Analysts Forecast Growth

VOD has been the subject of a number of recent research reports. Wall Street Zen downgraded Vodafone Group Public from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. DZ Bank raised Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, Bank of America lowered Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold".

Vodafone Group Public Stock Down 1.0%

Shares of VOD stock traded down $0.10 on Tuesday, hitting $10.30. The stock had a trading volume of 22,832,117 shares, compared to its average volume of 8,437,612. Vodafone Group Public Limited has a 12-month low of $8.00 and a 12-month high of $10.60. The business has a 50 day moving average of $9.43 and a 200 day moving average of $8.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.66 and a beta of 0.61.

Vodafone Group Public Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 6th will be issued a dividend of $0.2355 per share. The ex-dividend date is Friday, June 6th. This represents a yield of 6.6%. Vodafone Group Public's dividend payout ratio (DPR) is currently 41.23%.

About Vodafone Group Public

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.