CIBC World Markets Inc. boosted its position in Vodafone Group Plc (NASDAQ:VOD) by 114.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 187,313 shares of the cell phone carrier’s stock after acquiring an additional 99,935 shares during the period. CIBC World Markets Inc.’s holdings in Vodafone Group were worth $5,211,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in VOD. Trust Co. of Vermont grew its stake in shares of Vodafone Group by 4.0% in the first quarter. Trust Co. of Vermont now owns 70,279 shares of the cell phone carrier’s stock worth $1,955,000 after acquiring an additional 2,700 shares during the period. Private Capital Group LLC grew its position in Vodafone Group by 336.3% during the first quarter. Private Capital Group LLC now owns 10,065 shares of the cell phone carrier’s stock valued at $280,000 after buying an additional 7,758 shares during the period. Assetmark Inc. grew its position in Vodafone Group by 1,891.3% during the first quarter. Assetmark Inc. now owns 154,723 shares of the cell phone carrier’s stock valued at $4,304,000 after buying an additional 146,953 shares during the period. Cubist Systematic Strategies LLC grew its position in Vodafone Group by 42.2% during the first quarter. Cubist Systematic Strategies LLC now owns 33,369 shares of the cell phone carrier’s stock valued at $928,000 after buying an additional 9,903 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in Vodafone Group by 2.5% during the first quarter. Guggenheim Capital LLC now owns 231,221 shares of the cell phone carrier’s stock valued at $6,433,000 after purchasing an additional 5,613 shares in the last quarter. 10.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vodafone Group opened at $24.31 on Friday, according to Marketbeat Ratings. Vodafone Group Plc has a 12 month low of $24.04 and a 12 month high of $32.75. The company has a market cap of $64.66 billion, a PE ratio of 17.88, a PEG ratio of 1.31 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.97.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, August 3rd. Shareholders of record on Friday, June 8th will be issued a $1.2237 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a yield of 9.2%. This is a positive change from Vodafone Group’s previous semiannual dividend of $0.56. Vodafone Group’s dividend payout ratio (DPR) is presently 177.21%.
VOD has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Vodafone Group from a “hold” rating to a “sell” rating in a report on Friday, April 13th. BidaskClub raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 14th. ValuEngine cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. BNP Paribas upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $28.67 to $28.56 in a report on Wednesday, March 7th. Finally, Citigroup raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.71.
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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