QRG Capital Management Inc. grew its stake in shares of Vodafone Group PLC (NASDAQ:VOD – Free Report) by 22.4% in the first quarter, Holdings Channel reports. The fund owned 259,010 shares of the cell phone carrier’s stock after acquiring an additional 47,391 shares during the quarter. QRG Capital Management Inc.’s holdings in Vodafone Group were worth $3,890,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. Assetmark Inc. raised its holdings in shares of Vodafone Group by 156.8% in the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after purchasing an additional 1,389 shares during the period. Bayban increased its position in Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after buying an additional 2,009 shares during the last quarter. American Capital Advisory LLC raised its stake in shares of Vodafone Group by 40.8% in the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after buying an additional 696 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Vodafone Group by 81.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after buying an additional 1,193 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Vodafone Group by 38.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after buying an additional 946 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on VOD shares. Wall Street Zen raised Vodafone Group from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. UBS Group raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. DZ Bank lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Zacks Research downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Barclays lowered shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vodafone Group presently has a consensus rating of “Reduce” and a consensus price target of $52.38.
Vodafone Group Price Performance
Shares of NASDAQ VOD opened at $13.15 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a fifty-two week low of $10.66 and a fifty-two week high of $16.60. The stock has a fifty day moving average of $14.87 and a 200-day moving average of $14.65.
Vodafone Group Announces Dividend
The business also recently announced a dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.2766 per share. This represents a yield of 376.0%. The ex-dividend date of this dividend is Friday, June 5th.
Vodafone Group Company Profile
Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.
Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.
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