Truist Financial Corp Sells 56,397 Shares of Vodafone Group PLC $VOD

Truist Financial Corp decreased its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 36.9% in the fourth quarter, HoldingsChannel reports. The fund owned 96,451 shares of the cell phone carrier’s stock after selling 56,397 shares during the quarter. Truist Financial Corp’s holdings in Vodafone Group were worth $1,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. grew its position in shares of Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after acquiring an additional 1,389 shares during the period. American Capital Advisory LLC grew its position 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 valued at $32,000 after acquiring an additional 696 shares during the period. CIBC Private Wealth Group LLC grew 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 period. CENTRAL TRUST Co grew its position in shares of Vodafone Group by 129.6% during the 4th quarter. CENTRAL TRUST Co now owns 3,915 shares of the cell phone carrier’s stock valued at $52,000 after acquiring an additional 2,210 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in Vodafone Group by 38.2% in the 4th quarter. Sound Income Strategies LLC now owns 4,766 shares of the cell phone carrier’s stock worth $64,000 after purchasing an additional 1,317 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Price Performance

Shares of NASDAQ VOD opened at $14.68 on Friday. The firm’s 50-day moving average price is $15.16 and its 200-day moving average price is $14.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.14. Vodafone Group PLC has a 12-month low of $9.30 and a 12-month high of $16.60.

Vodafone Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, June 5th will be given a dividend of $0.2766 per share. This represents a dividend yield of 357.0%. The ex-dividend date is Friday, June 5th.

Wall Street Analysts Forecast Growth

Several analysts have commented on VOD shares. Zacks Research upgraded shares of Vodafone Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $72.00.

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.