Accurate Wealth Management LLC Buys 11,128 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Accurate Wealth Management LLC grew its position in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 14.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,613 shares of the cell phone carrier’s stock after buying an additional 11,128 shares during the quarter. Accurate Wealth Management LLC’s holdings in Vodafone Group Public were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VOD. D. E. Shaw & Co. Inc. lifted its holdings in Vodafone Group Public by 341.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier’s stock valued at $35,202,000 after acquiring an additional 3,206,506 shares during the period. ABC Arbitrage SA bought a new position in shares of Vodafone Group Public in the 4th quarter worth approximately $22,646,000. Voloridge Investment Management LLC purchased a new position in shares of Vodafone Group Public in the fourth quarter worth approximately $21,969,000. Grantham Mayo Van Otterloo & Co. LLC grew its position in Vodafone Group Public by 18.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock valued at $123,940,000 after buying an additional 2,238,935 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in Vodafone Group Public by 749.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier’s stock valued at $18,270,000 after buying an additional 1,898,663 shares during the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VOD has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Tuesday, May 27th. DZ Bank upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Bank of America cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Vodafone Group Public in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Vodafone Group Public presently has an average rating of “Hold”.

Vodafone Group Public Price Performance

NASDAQ:VOD opened at $9.84 on Wednesday. The business’s 50-day simple moving average is $9.52 and its two-hundred day simple moving average is $9.02. Vodafone Group Public Limited has a 52 week low of $8.00 and a 52 week high of $10.60. The stock has a market cap of $24.49 billion, a PE ratio of 8.63, a P/E/G ratio of 0.66 and a beta of 0.58. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

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 issued a $0.2355 dividend. This represents a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, June 6th. Vodafone Group Public’s dividend payout ratio (DPR) is presently 41.23%.

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.