Y Intercept Hong Kong Ltd Purchases New Shares in Vodafone Group PLC (NASDAQ:VOD)

Y Intercept Hong Kong Ltd acquired a new stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 49,344 shares of the cell phone carrier's stock, valued at approximately $462,000.

Other large investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its stake in shares of Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock valued at $30,000 after purchasing an additional 1,250 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Vodafone Group during the first quarter valued at approximately $31,000. NBC Securities Inc. boosted its stake in shares of Vodafone Group by 116,833.3% during the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after purchasing an additional 3,505 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of Vodafone Group by 258.0% during the fourth 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. Finally, Opal Wealth Advisors LLC purchased a new stake in Vodafone Group during the first quarter valued at approximately $60,000. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group cut shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price for the company. in a research report on Thursday. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Wall Street Zen cut shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Finally, Morgan Stanley initiated coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Vodafone Group has a consensus rating of "Hold" and an average price target of $136.00.

Vodafone Group Stock Performance

Shares of NASDAQ VOD traded up $0.16 during midday trading on Friday, reaching $10.97. The company had a trading volume of 5,084,521 shares, compared to its average volume of 12,310,886. The stock has a market cap of $28.72 billion, a P/E ratio of 9.61, a P/E/G ratio of 0.53 and a beta of 0.59. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $11.66. The business's 50-day simple moving average is $10.59 and its 200 day simple moving average is $9.55. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

Vodafone Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 6th will be paid a $0.2355 dividend. The ex-dividend date is Friday, June 6th. This represents a dividend yield of 660.0%. Vodafone Group's dividend payout ratio is presently 42.98%.

Vodafone Group Company 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.