Goldman Sachs Group Inc. Increases Stake in Vodafone Group PLC $VOD

Goldman Sachs Group Inc. increased its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,286,509 shares of the cell phone carrier’s stock after purchasing an additional 182,574 shares during the quarter. Goldman Sachs Group Inc. owned 0.65% of Vodafone Group worth $201,935,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VOD. SALT Holding Corp. increased its position in Vodafone Group by 3,039.6% during the 2nd quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock worth $38,627,000 after purchasing an additional 3,508,086 shares in the last quarter. BNP Paribas Financial Markets increased its position in Vodafone Group by 282.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock worth $33,707,000 after purchasing an additional 2,335,306 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in Vodafone Group during the 3rd quarter worth approximately $23,495,000. Jump Financial LLC increased its position in Vodafone Group by 6,354.9% during the 3rd quarter. Jump Financial LLC now owns 1,345,455 shares of the cell phone carrier’s stock worth $15,607,000 after purchasing an additional 1,324,611 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Vodafone Group by 235.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,548,454 shares of the cell phone carrier’s stock worth $16,507,000 after purchasing an additional 1,086,405 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Stock Performance

Shares of NASDAQ:VOD opened at $14.70 on Friday. Vodafone Group PLC has a 52-week low of $9.80 and a 52-week high of $16.60. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $15.31 and a two-hundred day moving average of $14.38.

Vodafone Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VOD. UBS Group raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. DZ Bank downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Bank of America downgraded 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 report on Tuesday, May 26th. Finally, Weiss Ratings raised shares of Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.