Vodafone Group PLC $VOD Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Vodafone Group PLC (NASDAQ:VOD) by 116.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,076,148 shares of the cell phone carrier’s stock after purchasing an additional 4,352,389 shares during the period. JPMorgan Chase & Co. owned about 0.33% of Vodafone Group worth $86,092,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Vodafone Group during the 2nd quarter worth about $25,000. Atwood & Palmer Inc. acquired a new stake in shares of Vodafone Group in the second quarter worth $27,000. GAMMA Investing LLC raised its position in Vodafone Group by 49.7% in the second quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier’s stock valued at $71,000 after purchasing an additional 2,201 shares during the period. Parallel Advisors LLC boosted its holdings in Vodafone Group by 38.4% in the 2nd quarter. Parallel Advisors LLC now owns 7,581 shares of the cell phone carrier’s stock worth $81,000 after acquiring an additional 2,105 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Vodafone Group by 183.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,567 shares of the cell phone carrier’s stock valued at $81,000 after purchasing an additional 4,899 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VOD has been the subject of several research analyst reports. BNP Paribas upgraded Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Zacks Research downgraded Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. BNP Paribas Exane began coverage on Vodafone Group in a research report on Tuesday, October 21st. They set an “underperform” rating and a $8.00 price target on the stock. Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Strong Sell” and an average target price of $72.00.

Vodafone Group Stock Up 2.1%

VOD stock opened at $12.48 on Friday. Vodafone Group PLC has a 1-year low of $8.00 and a 1-year high of $12.72. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $11.70 and its 200-day moving average is $11.18.

Vodafone Group Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be given a dividend of $0.2567 per share. The ex-dividend date is Monday, November 24th. This represents a yield of 434.0%.

About Vodafone Group

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.