Barometer Capital Management Inc. Makes New Investment in Vodafone Group PLC $VOD

Barometer Capital Management Inc. acquired a new stake in shares of Vodafone Group PLC (NASDAQ:VOD) during the first quarter, Holdings Channel reports. The firm acquired 114,800 shares of the cell phone carrier’s stock, valued at approximately $1,724,000.

Several other large investors also recently modified their holdings of the stock. Robertson Stephens Wealth Management LLC bought a new stake in Vodafone Group in the fourth quarter valued at $922,000. Gateway Investment Advisers LLC lifted its holdings in shares of Vodafone Group by 68.0% during the fourth quarter. Gateway Investment Advisers LLC now owns 352,038 shares of the cell phone carrier’s stock valued at $4,650,000 after acquiring an additional 142,440 shares during the period. Shrier Wealth Management LLC bought a new position in shares of Vodafone Group during the fourth quarter valued at $1,002,000. Capital Wealth Planning LLC boosted its stake in shares of Vodafone Group by 87.2% in the 4th quarter. Capital Wealth Planning LLC now owns 1,028,112 shares of the cell phone carrier’s stock valued at $13,715,000 after purchasing an additional 478,977 shares in the last quarter. Finally, Havemeyer Place LP bought a new stake in shares of Vodafone Group in the 4th quarter worth about $1,054,000. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Stock Down 0.8%

Vodafone Group stock opened at $15.27 on Wednesday. The stock has a 50-day simple moving average of $14.60 and a 200 day simple moving average of $14.79. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a 12-month low of $10.66 and a 12-month high of $16.60.

Vodafone Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.