North Star Investment Management Corp. reduced its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,659 shares of the cell phone carrier’s stock after selling 4,746 shares during the period. North Star Investment Management Corp.’s holdings in Vodafone Group PLC were worth $2,576,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of VOD. Jarislowsky Fraser Ltd raised its position in Vodafone Group PLC by 5.3% in the second quarter. Jarislowsky Fraser Ltd now owns 953,205 shares of the cell phone carrier’s stock worth $27,385,000 after buying an additional 48,092 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in Vodafone Group PLC by 1.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 146,772 shares of the cell phone carrier’s stock worth $4,217,000 after buying an additional 1,718 shares in the last quarter. Boussard & Gavaudan Investment Management LLP raised its position in Vodafone Group PLC by 16.1% in the second quarter. Boussard & Gavaudan Investment Management LLP now owns 12,881 shares of the cell phone carrier’s stock worth $369,000 after buying an additional 1,789 shares in the last quarter. TNB Financial raised its position in Vodafone Group PLC by 18.9% in the second quarter. TNB Financial now owns 38,446 shares of the cell phone carrier’s stock worth $1,105,000 after buying an additional 6,124 shares in the last quarter. Finally, Advisors Capital Management LLC raised its position in Vodafone Group PLC by 10.6% in the second quarter. Advisors Capital Management LLC now owns 567,121 shares of the cell phone carrier’s stock worth $16,293,000 after buying an additional 54,437 shares in the last quarter. 10.47% of the stock is owned by institutional investors and hedge funds.
Shares of Vodafone Group PLC (NASDAQ VOD) traded down 0.359% on Tuesday, hitting $29.105. 1,568,213 shares of the stock traded hands. Vodafone Group PLC has a 12-month low of $24.17 and a 12-month high of $31.69.
The company also recently declared a semiannual dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, June 9th will be given a $1.1234 dividend. This is a positive change from Vodafone Group PLC’s previous semiannual dividend of $0.56. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a dividend yield of 7.74%.
VOD has been the subject of several research analyst reports. BidaskClub raised shares of Vodafone Group PLC from a “hold” rating to a “buy” rating in a research report on Sunday. Numis Securities Ltd initiated coverage on shares of Vodafone Group PLC in a research report on Friday. They set an “add” rating for the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Vodafone Group PLC in a research report on Friday, June 16th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Vodafone Group PLC in a research report on Wednesday, June 14th. Finally, Argus raised shares of Vodafone Group PLC from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.33.
Vodafone Group PLC Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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