Wellington Management Group LLP acquired a new stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 114,300 shares of the cell phone carrier's stock, valued at approximately $970,000.
Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its stake in Vodafone Group Public by 57,500.0% during the 4th quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock valued at $254,000 after buying an additional 29,900 shares during the last quarter. Lester Murray Antman dba SimplyRich purchased a new stake in Vodafone Group Public during the 4th quarter valued at $295,000. Atria Investments Inc raised its holdings in Vodafone Group Public by 8.7% in the 4th quarter. Atria Investments Inc now owns 842,286 shares of the cell phone carrier's stock worth $7,151,000 after purchasing an additional 67,086 shares during the period. Waverly Advisors LLC bought a new position in Vodafone Group Public in the 4th quarter worth $216,000. Finally, Allworth Financial LP raised its holdings in Vodafone Group Public by 9.0% in the 4th quarter. Allworth Financial LP now owns 27,103 shares of the cell phone carrier's stock worth $227,000 after purchasing an additional 2,246 shares during the period. 7.84% of the stock is currently owned by hedge funds and other institutional investors.
Vodafone Group Public Trading Down 2.6%
Shares of VOD stock opened at $9.94 on Friday. Vodafone Group Public Limited has a 52-week low of $8.00 and a 52-week high of $10.60. 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 firm has a market capitalization of $24.74 billion, a PE ratio of 8.72, a PEG ratio of 0.66 and a beta of 0.58. The stock has a fifty day simple moving average of $9.49 and a two-hundred day simple moving average of $9.00.
Vodafone Group Public Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 6th will be paid a $0.2355 dividend. 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%.
Analysts Set New Price Targets
A number of brokerages recently commented on VOD. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group Public in a report on Wednesday, April 23rd. DZ Bank raised Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Wall Street Zen cut Vodafone Group Public from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, Bank of America cut Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold".
View Our Latest Stock Report on Vodafone Group Public
Vodafone Group Public 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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