Vodafone Group PLC $VOD Stock Position Lessened by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in Vodafone Group PLC (NASDAQ:VOD) by 6.0% in the 4th quarter, HoldingsChannel reports. The firm owned 25,633,289 shares of the cell phone carrier’s stock after selling 1,642,714 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Vodafone Group were worth $338,616,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. American Capital Advisory LLC grew its stake in shares of Vodafone Group by 40.8% in the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock worth $32,000 after purchasing an additional 696 shares in the last quarter. RNC Capital Management LLC lifted its holdings in shares of Vodafone Group by 1.3% in the fourth quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock valued at $711,000 after buying an additional 713 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Vodafone Group by 4.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock valued at $233,000 after buying an additional 713 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Vodafone Group by 28.3% in the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock valued at $47,000 after buying an additional 778 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after buying an additional 946 shares during the period. Institutional investors own 7.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on VOD shares. Barclays lowered Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday. Weiss Ratings lowered Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Zacks Research lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Bank of America lowered Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $52.38.

Vodafone Group Price Performance

Shares of NASDAQ VOD opened at $15.53 on Monday. Vodafone Group PLC has a 12 month low of $9.92 and a 12 month high of $16.60. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $15.34 and a 200-day simple moving average of $14.50.

Vodafone Group Announces Dividend

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

About Vodafone Group

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.