O Shaughnessy Asset Management LLC Boosts Stock Position in Vodafone Group PLC $VOD

O Shaughnessy Asset Management LLC increased its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 6.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,446,646 shares of the cell phone carrier’s stock after acquiring an additional 89,434 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Vodafone Group were worth $19,110,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VOD. Goldman Sachs Group Inc. raised its position in Vodafone Group by 1.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier’s stock worth $201,935,000 after acquiring an additional 182,574 shares during the period. Bank of New York Mellon Corp grew its position in shares of Vodafone Group by 9,637.5% in the fourth quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock valued at $117,602,000 after purchasing an additional 8,811,061 shares during the period. Bank of America Corp DE increased its stake in shares of Vodafone Group by 9.1% during the third quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock worth $85,041,000 after purchasing an additional 610,409 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vodafone Group by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,518,066 shares of the cell phone carrier’s stock worth $64,010,000 after purchasing an additional 76,534 shares during the last quarter. Finally, SALT Holding Corp. lifted its stake in Vodafone Group by 5.5% in the 3rd quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock valued at $44,324,000 after buying an additional 197,500 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VOD shares. DZ Bank lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Bank of America downgraded Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a research report on Tuesday, May 26th. UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Wall Street Zen upgraded Vodafone Group from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Finally, Zacks Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $52.38.

Vodafone Group Stock Up 0.7%

VOD stock opened at $14.81 on Tuesday. Vodafone Group PLC has a 1 year low of $9.80 and a 1 year high of $16.60. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. The business has a 50 day simple moving average of $15.31 and a 200-day simple moving average of $14.41.

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 issued a dividend of $0.2766 per share. This represents a dividend yield of 376.0%. The ex-dividend date is Friday, June 5th.

About Vodafone Group

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.