Voloridge Investment Management LLC Acquires New Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Voloridge Investment Management LLC purchased a new stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,587,681 shares of the cell phone carrier's stock, valued at approximately $21,969,000. Voloridge Investment Management LLC owned approximately 0.10% of Vodafone Group Public as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of Vodafone Group Public by 63.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock valued at $41,000 after purchasing an additional 1,899 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Vodafone Group Public by 258.0% during the 4th 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 increased its holdings in shares of Vodafone Group Public by 509.7% during the 4th 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 Public by 912.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier's stock valued at $61,000 after acquiring an additional 6,500 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in Vodafone Group Public by 84.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 10,598 shares of the cell phone carrier's stock valued at $87,000 after acquiring an additional 4,846 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Vodafone Group Public from a "buy" rating to a "hold" rating in a research note on Tuesday. Bank of America cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday, March 24th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group Public in a research note on Wednesday, April 23rd. Finally, DZ Bank raised shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Vodafone Group Public Trading Down 1.5%

Shares of VOD stock traded down $0.16 on Wednesday, hitting $10.35. 8,645,104 shares of the stock traded hands, compared to its average volume of 8,221,554. The firm's 50-day moving average price is $9.35 and its two-hundred day moving average price is $8.93. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. The stock has a market capitalization of $25.75 billion, a PE ratio of 9.08, a PEG ratio of 0.66 and a beta of 0.61. Vodafone Group Public Limited has a twelve month low of $8.00 and a twelve month high of $10.60.

Vodafone Group Public Cuts Dividend

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

Vodafone Group Public Profile

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.