International Assets Investment Management LLC purchased a new position in Vodafone Group Public Limited (NASDAQ:VOD – Get Rating) in the third quarter, according to the latest Form 13F filed with the Securities and Exchange Commission (SEC). Institutional investors purchased 10,688 shares of mobile phone carriers. Its value is approximately $121,000.
Many other institutional investors and hedge funds have also recently changed their stock positions. Natixis Advisors LP increased his stake in Vodafone Group Public by 30.6% in the first quarter. Natixis Advisors LP now owns 99,498 shares of the mobile operator worth $1,654,000 after he purchased an additional 23,331 shares during this period. APG Asset Management NV acquired a new stake in Vodafone Group Public in the first quarter, valued at approximately $1,301,000. Cibc World Market Inc. increased its stake in Vodafone Group Public by 8.3% in the first quarter. Cibc World Market Inc. now owns 177,225 shares of the mobile operator worth $2,945,000 after purchasing an additional 13,522 shares during this period. Sei Investments Co. increased its position in Vodafone Group Public by 42.6% in the first quarter. Sei Investments Co. now owns 19,174 shares of the mobile operator worth $331,000 after purchasing an additional 5,727 shares during this period. Finally, Cetera Investment Advisers increased its position in Vodafone Group Public by 7.8% in the first quarter. Cetera Investment Advisers now owns 156,922 shares of mobile operator stock valued at $2,608,000 after purchasing an additional 11,357 shares during this period. Institutional investors own 9.03% of the company’s shares.
Vodafone Group shares drop 0.4%
VOD shares opened at $11.23 on Friday. Vodafone Group Public Limited has a 12-month low of $9.94 and a 12-month high of $19.05. The business has a 50-day moving average of $10.94 and a 200-day moving average of $12.51. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt to equity ratio of 1.04.
Vodafone Group IPO cuts dividend
The company also recently announced a half-year dividend payable on Friday, February 3rd. Dividends of $0.4483 will be issued to investors of record on Friday, November 25th. This represents a dividend yield of 7.6%. The ex-dividend date for this dividend is Wednesday, November 23.
Analyst sets new price target
VOD has been the subject of many recent analyst reports. JPMorgan Chase & Co. lowered its target price for Vodafone Group Public shares from GBX 120 ($1.46) to GBX 100 ($1.22) in a research report on Friday, Dec. 2. Barclays raised its price target for Vodafone Group Public from his GBX 110 ($1.34) to his GBX 115 ($1.40) in a research report on Thursday, January 5. Goldman Sachs Group Inc. downgraded Vodafone Group Public Inc.’s stock from a ‘confidence buy’ rating to a ‘buy’ rating in a research report on Wednesday, December 14. Berenberg Bank lowered its price target for Vodafone Group Public from GBX 115 ($1.40) to his GBX 100 ($1.22) in a research report on Monday, January 9. Finally, Deutsche Bank Aktiengesellschaft lowered its target price for Vodafone Group Public from GBX 225 ($2.74) to GBX 215 ($2.62) in a research report on Thursday 22 September. One analyst gave a sell rating, six gave a hold rating, and five analysts assigned a buy rating to the company’s stock. According to MarketBeat.com data, the stock currently has a consensus rating of “Hold” with an average price target of $138.29.
Vodafone Group Public Profile
(get rating)
Vodafone Group Public Limited Company is engaged in telecommunications services in Europe and internationally. The company offers mobile services that allow customers to call, text his messages and access data. Fixed-line services, including broadband, television (TV) services, and voice. It also offers convergence services to its customers under the names GigaKombi and Vodafone One.
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