Cardinal Point Capital Management ULC Buys Shares of 74,465 Vodafone Group PLC $VOD

Cardinal Point Capital Management ULC purchased a new stake in shares of Vodafone Group PLC (NASDAQ:VODFree Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 74,465 shares of the cell phone carrier’s stock, valued at approximately $864,000.

Several other large investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its holdings in Vodafone Group by 22.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock valued at $295,079,000 after purchasing an additional 5,160,095 shares during the last quarter. ACR Alpine Capital Research LLC boosted its position in shares of Vodafone Group by 0.9% during the third quarter. ACR Alpine Capital Research LLC now owns 26,095,086 shares of the cell phone carrier’s stock worth $302,703,000 after buying an additional 228,325 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Vodafone Group by 116.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock valued at $86,092,000 after buying an additional 4,352,389 shares during the period. Envestnet Asset Management Inc. lifted its stake in Vodafone Group by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,518,066 shares of the cell phone carrier’s stock worth $64,010,000 after acquiring an additional 76,534 shares in the last quarter. Finally, SALT Holding Corp. boosted its holdings in Vodafone Group by 3,039.6% during the 2nd quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock valued at $38,627,000 after acquiring an additional 3,508,086 shares during the period. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Stock Up 3.4%

Shares of NASDAQ VOD opened at $15.11 on Monday. The business has a 50-day moving average of $13.44 and a two-hundred day moving average of $12.29. Vodafone Group PLC has a 1 year low of $8.05 and a 1 year high of $15.90. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

Vodafone Group Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, February 5th. Investors of record on Monday, November 24th were given a $0.2567 dividend. This represents a dividend yield of 434.0%. The ex-dividend date of this dividend was Monday, November 24th.

Analyst Ratings Changes

Several brokerages have recently issued reports on VOD. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, UBS Group reiterated a “sell” rating on shares of Vodafone Group in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $72.00.

Read Our Latest Stock Report on Vodafone Group

Vodafone Group News Roundup

Here are the key news stories impacting Vodafone Group this week:

About Vodafone Group

(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.

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

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