Orographic Financial Advisors LLC Acquires New Shares in Vodafone Group PLC $VOD

Orographic Financial Advisors LLC bought a new stake in shares of Vodafone Group PLC (NASDAQ:VODFree Report) during the 1st quarter, HoldingsChannel reports. The firm bought 59,245 shares of the cell phone carrier’s stock, valued at approximately $889,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Vodafone Group by 21.4% during the first quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock valued at $622,000 after purchasing an additional 11,703 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Vodafone Group by 1.9% in the first quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier’s stock worth $2,779,000 after purchasing an additional 5,592 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Vodafone Group by 19.7% in the first quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier’s stock valued at $195,000 after purchasing an additional 3,435 shares in the last quarter. M&T Bank Corp grew its stake in shares of Vodafone Group by 13.4% in the 2nd quarter. M&T Bank Corp now owns 19,278 shares of the cell phone carrier’s stock worth $206,000 after buying an additional 2,285 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Vodafone Group during the second quarter worth approximately $140,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on VOD. DZ Bank downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Bank of America downgraded shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a research note on Tuesday, May 26th. Zacks Research downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings downgraded Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Vodafone Group currently has a consensus rating of “Reduce” and an average target price of $10.57.

Read Our Latest Stock Analysis on VOD

Vodafone Group Trading Up 0.1%

Shares of VOD opened at $16.14 on Friday. Vodafone Group PLC has a 52 week low of $10.66 and a 52 week high of $16.60. The stock’s 50-day moving average price is $14.68 and its 200-day moving average price is $14.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14.

Vodafone Group Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, June 5th were issued a dividend of $0.2766 per share. This represents a dividend yield of 376.0%. The ex-dividend date of this dividend was Friday, June 5th.

Vodafone Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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