79,824 Shares in Vodafone Group PLC $VOD Acquired by Havemeyer Place LP

Havemeyer Place LP purchased a new position in shares of Vodafone Group PLC (NASDAQ:VOD) in the 4th quarter, Holdings Channel reports. The firm purchased 79,824 shares of the cell phone carrier’s stock, valued at approximately $1,054,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Capital Advisory LLC increased its position in Vodafone Group by 40.8% during the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock worth $32,000 after purchasing an additional 696 shares during the last quarter. RNC Capital Management LLC increased its position in shares of Vodafone Group by 1.3% in the fourth quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock worth $711,000 after acquiring an additional 713 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of 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 worth $233,000 after acquiring an additional 713 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Vodafone Group by 28.3% in 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 in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after acquiring an additional 946 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Stock Performance

Vodafone Group stock opened at $14.70 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The company’s 50-day moving average price is $15.31 and its two-hundred day moving average price is $14.39. Vodafone Group PLC has a 52 week low of $9.80 and a 52 week high of $16.60.

Vodafone Group Dividend Announcement

The firm also recently disclosed 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 is Friday, June 5th. This represents a dividend yield of 376.0%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. DZ Bank lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Bank of America lowered 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. Weiss Ratings lowered shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Zacks Research downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Two 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. According to MarketBeat.com, the stock presently 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.