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

Voloridge Investment Management LLC acquired a new position in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,587,681 shares of the cell phone carrier's stock, valued at approximately $21,969,000. Voloridge Investment Management LLC owned 0.10% of Vodafone Group Public as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of Vodafone Group Public by 11.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,409 shares of the cell phone carrier's stock valued at $123,000 after buying an additional 1,454 shares during the last quarter. Cahill Financial Advisors Inc. increased its holdings in Vodafone Group Public by 8.6% in the 4th quarter. Cahill Financial Advisors Inc. now owns 20,395 shares of the cell phone carrier's stock valued at $173,000 after acquiring an additional 1,611 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Vodafone Group Public by 17.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 10,819 shares of the cell phone carrier's stock worth $92,000 after purchasing an additional 1,631 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Vodafone Group Public by 63.7% during the fourth 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. Finally, SOL Capital Management CO increased its holdings in shares of Vodafone Group Public by 14.1% in the fourth quarter. SOL Capital Management CO now owns 16,200 shares of the cell phone carrier's stock worth $138,000 after purchasing an additional 2,000 shares during the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Public Trading Up 0.2%

VOD stock traded up $0.03 during midday trading on Tuesday, reaching $10.50. 15,457,061 shares of the company traded hands, compared to its average volume of 12,551,332. The firm has a market capitalization of $26.12 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.66 and a beta of 0.61. Vodafone Group Public Limited has a 52-week low of $8.00 and a 52-week high of $10.60. The business has a 50 day moving average of $9.34 and a 200-day moving average of $8.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37.

Vodafone Group Public Cuts Dividend

The business 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 payout ratio is presently 41.23%.

Analyst Upgrades and Downgrades

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

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.