Vodafone Group PLC $VOD Holdings Lifted by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC raised its position in Vodafone Group PLC (NASDAQ:VOD) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,095,086 shares of the cell phone carrier’s stock after purchasing an additional 228,325 shares during the quarter. Vodafone Group comprises approximately 5.2% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 12th biggest holding. ACR Alpine Capital Research LLC’s holdings in Vodafone Group were worth $302,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Vodafone Group in the 2nd quarter valued at approximately $25,000. Sound Income Strategies LLC grew its stake in shares of Vodafone Group by 3,455.7% in the third quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock worth $39,000 after purchasing an additional 3,352 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Vodafone Group by 49.7% during the second quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier’s stock valued at $71,000 after purchasing an additional 2,201 shares during the period. Global Retirement Partners LLC raised its stake in shares of Vodafone Group by 36.2% during the third quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier’s stock valued at $74,000 after purchasing an additional 1,698 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Vodafone Group by 98.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 7,372 shares of the cell phone carrier’s stock valued at $78,000 after buying an additional 3,651 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Stock Performance

Vodafone Group stock opened at $13.94 on Friday. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $14.02. The firm’s 50 day moving average price is $12.88 and its two-hundred day moving average price is $11.98. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17.

Vodafone Group Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, November 24th will be given a dividend of $0.2567 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a dividend yield of 434.0%.

Wall Street Analyst Weigh In

A number of research firms have commented on VOD. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. BNP Paribas Exane raised Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a research report on Monday, November 3rd. Finally, Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Vodafone Group currently has a consensus rating of “Reduce” and a consensus target price of $72.00.

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.