Federated Investors Inc. PA cut its stake in Vodafone (NASDAQ:VOD) by 24.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,682,743 shares of the cell phone carrier’s stock after selling 2,465,157 shares during the period. Vodafone makes up approximately 0.6% of Federated Investors Inc. PA’s investment portfolio, making the stock its 27th biggest position. Federated Investors Inc. PA owned approximately 0.29% of Vodafone worth $213,733,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new stake in Vodafone during the first quarter worth approximately $151,000. Haverford Trust Co. boosted its holdings in Vodafone by 14.0% during the first quarter. Haverford Trust Co. now owns 17,418 shares of the cell phone carrier’s stock worth $485,000 after buying an additional 2,138 shares in the last quarter. ACR Alpine Capital Research LLC boosted its holdings in Vodafone by 8.9% during the first quarter. ACR Alpine Capital Research LLC now owns 4,165,389 shares of the cell phone carrier’s stock worth $115,881,000 after buying an additional 339,084 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Vodafone by 6.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 116,695 shares of the cell phone carrier’s stock worth $3,246,000 after buying an additional 6,601 shares in the last quarter. Finally, GFS Advisors LLC boosted its holdings in Vodafone by 22.7% during the first quarter. GFS Advisors LLC now owns 63,568 shares of the cell phone carrier’s stock worth $1,768,000 after buying an additional 11,775 shares in the last quarter. Institutional investors and hedge funds own 10.84% of the company’s stock.
Shares of NASDAQ:VOD opened at $26.41 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market capitalization of $70.45 billion, a P/E ratio of 19.42, a PEG ratio of 1.38 and a beta of 0.81. Vodafone has a 52 week low of $26.22 and a 52 week high of $32.75.
The company also recently declared a semiannual dividend, which will be paid on Friday, August 3rd. Investors of record on Friday, June 8th will be given a $1.2237 dividend. This represents a dividend yield of 9.2%. The ex-dividend date of this dividend is Thursday, June 7th. This is an increase from Vodafone’s previous semiannual dividend of $0.56. Vodafone’s dividend payout ratio is 127.21%.
A number of analysts recently weighed in on VOD shares. Numis Securities upgraded shares of Vodafone from an “add” rating to a “buy” rating in a report on Monday, February 5th. Zacks Investment Research cut shares of Vodafone from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Citigroup upgraded shares of Vodafone from a “neutral” rating to a “buy” rating in a report on Wednesday, April 4th. BidaskClub cut shares of Vodafone from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, ValuEngine upgraded shares of Vodafone from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $31.76.
Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.
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