Wade G W & Inc. lowered its holdings in Vodafone Group Plc (NASDAQ:VOD) by 58.8% in the 4th quarter, Holdings Channel reports. The firm owned 172,025 shares of the cell phone carrier’s stock after selling 245,410 shares during the period. Wade G W & Inc.’s holdings in Vodafone Group were worth $3,317,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Lenox Wealth Management Inc. raised its stake in shares of Vodafone Group by 168.7% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,814 shares of the cell phone carrier’s stock worth $35,000 after purchasing an additional 1,139 shares during the last quarter. We Are One Seven LLC purchased a new position in shares of Vodafone Group in the fourth quarter worth $41,000. Capital Investment Advisory Services LLC purchased a new position in shares of Vodafone Group in the fourth quarter worth $42,000. Essex Savings Bank purchased a new position in shares of Vodafone Group in the fourth quarter worth $48,000. Finally, Quantamental Technologies LLC purchased a new stake in Vodafone Group during the fourth quarter valued at $64,000. Hedge funds and other institutional investors own 8.77% of the company’s stock.
NASDAQ:VOD opened at $18.04 on Friday. Vodafone Group Plc has a 52-week low of $17.70 and a 52-week high of $30.20. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.70.
The business also recently declared a semiannual dividend, which was paid on Friday, February 1st. Shareholders of record on Friday, November 23rd were issued a dividend of $0.5455 per share. This represents a yield of 5.36%. The ex-dividend date was Wednesday, November 21st. Vodafone Group’s dividend payout ratio is presently 78.68%.
A number of analysts recently commented on VOD shares. Bank of America upgraded Vodafone Group from a “neutral” rating to a “buy” rating and set a $18.50 price objective for the company in a research report on Wednesday. UBS Group upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Monday, December 17th. Royal Bank of Canada lowered Vodafone Group from an “outperform” rating to an “underperform” rating in a report on Tuesday, January 8th. Cfra raised Vodafone Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 13th. Finally, Gabelli reissued a “buy” rating on shares of Vodafone Group in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.61.
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Vodafone Group Company Profile
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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