Grandfield & Dodd LLC reduced its position in Vodafone Group PLC (NASDAQ:VOD) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 506,783 shares of the cell phone carrier’s stock after selling 29,781 shares during the period. Vodafone Group PLC accounts for 1.7% of Grandfield & Dodd LLC’s holdings, making the stock its 23rd largest position. Grandfield & Dodd LLC’s holdings in Vodafone Group PLC were worth $14,560,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in shares of Vodafone Group PLC by 90.8% in the second quarter. Fisher Asset Management LLC now owns 23,702,619 shares of the cell phone carrier’s stock valued at $680,976,000 after buying an additional 11,281,706 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Vodafone Group PLC by 4.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 16,976,277 shares of the cell phone carrier’s stock valued at $448,683,000 after buying an additional 725,117 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Vodafone Group PLC by 21.9% in the first quarter. Bank of America Corp DE now owns 11,370,690 shares of the cell phone carrier’s stock valued at $300,528,000 after buying an additional 2,044,315 shares during the last quarter. Sound Shore Management Inc. CT boosted its stake in shares of Vodafone Group PLC by 8.9% in the first quarter. Sound Shore Management Inc. CT now owns 6,620,681 shares of the cell phone carrier’s stock valued at $174,985,000 after buying an additional 540,617 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Vodafone Group PLC by 65.9% in the first quarter. FMR LLC now owns 5,789,369 shares of the cell phone carrier’s stock valued at $153,013,000 after buying an additional 2,299,529 shares during the last quarter. Institutional investors own 10.87% of the company’s stock.
Vodafone Group PLC (NASDAQ:VOD) opened at 29.67 on Thursday. Vodafone Group PLC has a 12-month low of $24.17 and a 12-month high of $31.69. The firm’s market cap is $78.99 billion.
The business also recently declared a semiannual dividend, which will be paid on Friday, August 4th. Investors of record on Friday, June 9th will be issued a dividend of $1.1234 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This is an increase from Vodafone Group PLC’s previous semiannual dividend of $0.56. This represents a dividend yield of 7.74%.
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Several analysts have commented on VOD shares. Standpoint Research cut shares of Vodafone Group PLC from an “accumulate” rating to a “reduce” rating and set a $30.00 price objective for the company. in a research note on Thursday, June 1st. Argus upgraded shares of Vodafone Group PLC from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, June 12th. Numis Securities Ltd started coverage on shares of Vodafone Group PLC in a research note on Friday, July 14th. They set an “add” rating for the company. J P Morgan Chase & Co restated a “buy” rating on shares of Vodafone Group PLC in a research note on Monday. Finally, Barclays PLC cut shares of Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus 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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