Bank of New York Mellon Corp Acquires 8,811,061 Shares of Vodafone Group PLC $VOD

Bank of New York Mellon Corp raised its stake in Vodafone Group PLC (NASDAQ:VOD) by 9,637.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,902,486 shares of the cell phone carrier’s stock after purchasing an additional 8,811,061 shares during the period. Bank of New York Mellon Corp’s holdings in Vodafone Group were worth $117,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Assetmark Inc. increased its position in shares of Vodafone Group by 156.8% during the fourth 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 period. American Capital Advisory LLC lifted its holdings in shares of Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock worth $32,000 after acquiring an additional 696 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Vodafone Group by 38.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after acquiring an additional 946 shares in the last quarter. Larson Financial Group LLC increased its stake in 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 acquiring an additional 778 shares during the period. Finally, CENTRAL TRUST Co raised its position in Vodafone Group by 129.6% in the fourth quarter. CENTRAL TRUST Co now owns 3,915 shares of the cell phone carrier’s stock worth $52,000 after purchasing an additional 2,210 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Stock Performance

Shares of NASDAQ VOD opened at $14.70 on Monday. Vodafone Group PLC has a 12-month low of $9.80 and a 12-month high of $16.60. The firm’s 50-day simple moving average is $15.31 and its 200 day simple moving average is $14.39. 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 Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, June 5th will be given a $0.2766 dividend. This represents a yield of 376.0%. The ex-dividend date is Friday, June 5th.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised Vodafone Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target on the stock. in a research report on Tuesday, May 26th. UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Weiss Ratings downgraded shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Two 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’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $52.38.

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.