Vodafone Group PLC $VOD Shares Purchased by Summit Global Investments

Summit Global Investments boosted its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 156.5% during the second quarter, Holdings Channel.com reports. The firm owned 142,591 shares of the cell phone carrier’s stock after buying an additional 87,001 shares during the quarter. Summit Global Investments’ holdings in Vodafone Group were worth $1,520,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VOD. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Vodafone Group in the first quarter valued at approximately $1,117,000. Tevis Investment Management raised its position in Vodafone Group by 23.0% in the second quarter. Tevis Investment Management now owns 180,148 shares of the cell phone carrier’s stock valued at $1,966,000 after purchasing an additional 33,701 shares during the period. Modern Wealth Management LLC acquired a new position in shares of Vodafone Group in the 1st quarter valued at $285,000. Walleye Capital LLC grew its holdings in shares of Vodafone Group by 516.1% during the 1st quarter. Walleye Capital LLC now owns 182,003 shares of the cell phone carrier’s stock worth $1,705,000 after purchasing an additional 152,462 shares during the period. Finally, Summit Securities Group LLC increased its position in shares of Vodafone Group by 4,239.6% during the 1st quarter. Summit Securities Group LLC now owns 47,736 shares of the cell phone carrier’s stock worth $447,000 after purchasing an additional 46,636 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VOD shares. BNP Paribas Exane initiated coverage on shares of Vodafone Group in a research note on Tuesday, October 21st. They set an “underperform” rating and a $8.00 target price for the company. Wall Street Zen cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. Zacks Research cut Vodafone Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Finally, BNP Paribas raised Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, Vodafone Group currently has a consensus rating of “Strong Sell” and an average price target of $72.00.

Vodafone Group Price Performance

Shares of NASDAQ VOD opened at $11.83 on Tuesday. Vodafone Group PLC has a 12-month low of $8.00 and a 12-month high of $12.72. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $11.66 and its 200-day simple moving average is $11.14.

Vodafone Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, November 24th will be given a dividend of $0.2567 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a dividend yield of 434.0%.

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.