Rockefeller Capital Management L.P. Has $5.21 Million Stock Position in Vodafone Group PLC $VOD

Rockefeller Capital Management L.P. cut its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 394,194 shares of the cell phone carrier’s stock after selling 151,965 shares during the period. Rockefeller Capital Management L.P.’s holdings in Vodafone Group were worth $5,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Vodafone Group by 9,637.5% during the fourth quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock worth $117,602,000 after purchasing an additional 8,811,061 shares during the period. SALT Holding Corp. boosted its stake in Vodafone Group by 3,039.6% in 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 purchasing an additional 3,508,086 shares during the period. BNP Paribas Financial Markets grew its holdings in Vodafone Group by 282.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock valued at $33,707,000 after buying an additional 2,335,306 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in Vodafone Group during the 3rd quarter worth $23,495,000. Finally, Jump Financial LLC lifted its holdings in shares of Vodafone Group by 6,354.9% during the third quarter. Jump Financial LLC now owns 1,345,455 shares of the cell phone carrier’s stock worth $15,607,000 after buying an additional 1,324,611 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VOD shares. Weiss Ratings downgraded shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Wall Street Zen upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Bank of America lowered shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a research report on Tuesday, May 26th. Barclays cut shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Finally, UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Vodafone Group presently has a consensus rating of “Reduce” and an average price target of $52.38.

Vodafone Group Stock Up 0.2%

VOD stock opened at $13.89 on Friday. The company’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $14.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. Vodafone Group PLC has a 12 month low of $10.51 and a 12 month high of $16.60.

Vodafone Group Announces Dividend

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

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.