Shares of Vodafone Group PLC (NASDAQ:VOD – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $15.56, but opened at $15.08. Vodafone Group shares last traded at $15.1250, with a volume of 495,571 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Zacks Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Barclays cut shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. Weiss Ratings cut Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Finally, DZ Bank downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Vodafone Group has an average rating of “Reduce” and a consensus target price of $52.38.
View Our Latest Research Report on Vodafone Group
Vodafone Group Stock Up 3.6%
Vodafone Group Dividend Announcement
The business also recently declared a dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, June 5th will be issued a $0.2766 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a dividend yield of 376.0%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Assetmark Inc. raised its position in shares of Vodafone Group by 156.8% during the fourth quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 1,389 shares during the last quarter. Bayban boosted its holdings in Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after acquiring an additional 2,009 shares during the last quarter. American Capital Advisory LLC increased its position in 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 worth $32,000 after purchasing an additional 696 shares during the period. Western Wealth Management LLC bought a new stake in Vodafone Group during the 1st quarter worth about $34,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Vodafone Group by 81.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,193 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.
About Vodafone Group
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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