Vodafone Group PLC $VOD Stake Lowered by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its stake in Vodafone Group PLC (NASDAQ:VOD) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,459,955 shares of the cell phone carrier’s stock after selling 3,173,334 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Vodafone Group were worth $337,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. grew 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 worth $30,000 after buying an additional 1,389 shares during the last quarter. Bayban lifted its stake in Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after buying an additional 2,009 shares during the last quarter. American Capital Advisory LLC boosted its holdings in shares of Vodafone Group by 40.8% during the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after acquiring an additional 696 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Vodafone Group by 81.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 1,193 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Vodafone Group by 38.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after acquiring an additional 946 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

Wall Street Analyst Weigh In

VOD has been the topic of several recent research reports. DZ Bank downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Barclays lowered shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. Weiss Ratings lowered Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Finally, Wall Street Zen upgraded Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $52.38.

Vodafone Group Stock Down 1.7%

Shares of NASDAQ:VOD opened at $15.25 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. Vodafone Group PLC has a 1-year low of $10.66 and a 1-year high of $16.60. The company has a 50 day moving average price of $14.60 and a 200 day moving average price of $14.82.

Vodafone Group Dividend Announcement

The business also recently disclosed 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. This represents a dividend yield of 376.0%. The ex-dividend date is Friday, June 5th.

Vodafone Group 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.