Vodafone Group PLC $VOD Shares Acquired by Transmarket Holdings LP

Transmarket Holdings LP boosted its stake in Vodafone Group PLC (NASDAQ:VOD) by 137.3% in the first quarter, Holdings Channel.com reports. The firm owned 235,689 shares of the cell phone carrier’s stock after acquiring an additional 136,358 shares during the quarter. Vodafone Group comprises about 1.9% of Transmarket Holdings LP’s portfolio, making the stock its 12th largest position. Transmarket Holdings LP’s holdings in Vodafone Group were worth $3,540,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. American Capital Advisory LLC increased its holdings 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 worth $32,000 after buying an additional 696 shares during the last quarter. RNC Capital Management LLC raised its position in shares of Vodafone Group by 1.3% in the 4th quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock worth $711,000 after buying an additional 713 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Vodafone Group by 4.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock valued at $233,000 after acquiring an additional 713 shares during the last quarter. Assetmark Inc. grew its position in Vodafone Group by 31.5% during the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after acquiring an additional 717 shares during the period. Finally, Larson Financial Group LLC increased its stake in Vodafone Group by 28.3% during the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock worth $47,000 after acquiring an additional 778 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Trading Down 0.8%

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

Vodafone Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VOD. Barclays downgraded Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Bank of America downgraded shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price for the company. in a research report on Tuesday, May 26th. Zacks Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Finally, DZ Bank lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Vodafone Group presently has an average rating of “Reduce” and a consensus target price 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.