QRG Capital Management Inc. Acquires 47,391 Shares of Vodafone Group PLC $VOD

QRG Capital Management Inc. grew its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 22.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,010 shares of the cell phone carrier’s stock after buying an additional 47,391 shares during the quarter. QRG Capital Management Inc.’s holdings in Vodafone Group were worth $3,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VOD. Assetmark Inc. boosted its stake in Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,389 shares during the last quarter. Bayban increased its holdings in Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 2,009 shares in the last quarter. American Capital Advisory LLC raised 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 during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Vodafone Group by 81.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,193 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Vodafone Group by 38.0% during 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 last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Price Performance

Shares of Vodafone Group stock opened at $13.15 on Monday. The business’s fifty day simple moving average is $14.87 and its 200 day simple moving average is $14.65. Vodafone Group PLC has a 12 month low of $10.66 and a 12 month high of $16.60. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

Vodafone Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VOD shares. Barclays downgraded Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. DZ Bank downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Zacks Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Finally, UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $52.38.

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.