Vodafone Group Public (NASDAQ:VOD) Sees Large Volume Increase - What's Next?

Vodafone Group Public Limited (NASDAQ:VOD - Get Free Report) shares saw an uptick in trading volume on Tuesday . 13,507,029 shares were traded during mid-day trading, an increase of 61% from the previous session's volume of 8,410,799 shares.The stock last traded at $10.31 and had previously closed at $10.40.

Analyst Ratings Changes

Several research firms recently weighed in on VOD. Wall Street Zen lowered shares of Vodafone Group Public from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. DZ Bank upgraded shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. Finally, Bank of America cut Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vodafone Group Public has a consensus rating of "Hold".

Vodafone Group Public Price Performance

The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $25.41 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 0.66 and a beta of 0.58. The company's 50 day moving average is $9.46 and its 200 day moving average is $8.99.

Vodafone Group Public Cuts Dividend

The business also recently announced 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VOD. Hazlett Burt & Watson Inc. grew its stake in Vodafone Group Public by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after buying an additional 1,250 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Vodafone Group Public during the 1st quarter worth approximately $31,000. NBC Securities Inc. raised its position in Vodafone Group Public 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. Smartleaf Asset Management LLC lifted its stake in 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 worth $41,000 after purchasing an additional 1,899 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in shares of Vodafone Group Public by 258.0% in 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. Institutional investors own 7.84% of the company's stock.

Vodafone Group Public 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.