SG Trading Solutions LLC Purchases Shares of 63,028 Vodafone Group PLC $VOD

SG Trading Solutions LLC acquired a new stake in shares of Vodafone Group PLC (NASDAQ:VOD) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 63,028 shares of the cell phone carrier’s stock, valued at approximately $833,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its stake in 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 last quarter. American Capital Advisory LLC grew its position in 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 buying an additional 696 shares during the last quarter. Caitong International Asset Management Co. Ltd increased 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 buying an additional 1,193 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Vodafone Group by 207.6% in the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock valued at $43,000 after buying an additional 2,215 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted 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 during the last quarter. 7.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VOD shares. Wall Street Zen upgraded Vodafone Group from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Zacks Research lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. UBS Group raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. DZ Bank downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Bank of America lowered shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a research note on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $52.38.

Vodafone Group Price Performance

Shares of NASDAQ:VOD opened at $14.30 on Friday. The company’s fifty day moving average is $15.29 and its two-hundred day moving average is $14.56. Vodafone Group PLC has a 12-month low of $10.06 and a 12-month high of $16.60. 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 Announces Dividend

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

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.