Federated Investors Inc. PA trimmed its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 34.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,700,030 shares of the cell phone carrier’s stock after selling 2,480,930 shares during the quarter. Federated Investors Inc. PA owned 0.18% of Vodafone Group worth $85,446,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its position in shares of Vodafone Group by 118.0% during the 4th quarter. Deutsche Bank AG now owns 3,674,751 shares of the cell phone carrier’s stock valued at $70,845,000 after acquiring an additional 1,989,173 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of Vodafone Group during the 4th quarter worth about $59,733,000. Letko Brosseau & Associates Inc. boosted its stake in shares of Vodafone Group by 33.3% during the 1st quarter. Letko Brosseau & Associates Inc. now owns 2,993,406 shares of the cell phone carrier’s stock worth $54,420,000 after buying an additional 747,968 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Vodafone Group by 22.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,801,100 shares of the cell phone carrier’s stock valued at $50,925,000 after purchasing an additional 522,182 shares during the period. Finally, Becker Capital Management Inc. raised its holdings in shares of Vodafone Group by 25.5% in the 1st quarter. Becker Capital Management Inc. now owns 1,794,386 shares of the cell phone carrier’s stock valued at $32,622,000 after purchasing an additional 364,184 shares during the period. 7.93% of the stock is currently owned by institutional investors.
VOD stock traded up $0.26 during midday trading on Wednesday, reaching $15.95. The company had a trading volume of 2,766,588 shares, compared to its average volume of 4,805,587. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Vodafone Group Plc has a 1 year low of $15.53 and a 1 year high of $25.47. The company has a market cap of $42.68 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.05 and a beta of 0.82. The company’s 50-day moving average is $16.36.
The business also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 7th will be paid a $0.454 dividend. The ex-dividend date of this dividend is Thursday, June 6th. Vodafone Group’s dividend payout ratio is presently 151.67%.
Several analysts recently issued reports on VOD shares. Zacks Investment Research upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, March 28th. BidaskClub raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 1st. Argus lowered their target price on shares of Vodafone Group to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Exane BNP Paribas lowered shares of Vodafone Group from an “outperform” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, HSBC raised shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 price target on the stock in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.30.
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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