North Star Investment Management Corp. reduced its position in Vodafone Group PLC (NASDAQ:VOD) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position in shares of Vodafone Group PLC by 6.8% in the fourth quarter. State Street Corp now owns 162,766 shares of the cell phone carrier’s stock valued at $3,975,000 after buying an additional 10,302 shares during the period. HighPoint Advisor Group LLC raised its stake in Vodafone Group PLC by 0.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 20,569 shares of the cell phone carrier’s stock valued at $520,000 after buying an additional 65 shares in the last quarter. M Holdings Securities Inc. raised its stake in Vodafone Group PLC by 17.2% in the fourth quarter. M Holdings Securities Inc. now owns 19,237 shares of the cell phone carrier’s stock valued at $470,000 after buying an additional 2,828 shares in the last quarter. Becker Capital Management Inc. bought a new stake in Vodafone Group PLC during the fourth quarter valued at about $34,857,000. Finally, Teachers Advisors LLC raised its stake in Vodafone Group PLC by 501.7% in the fourth quarter. Teachers Advisors LLC now owns 1,174,260 shares of the cell phone carrier’s stock valued at $28,688,000 after buying an additional 979,095 shares in the last quarter. Institutional investors and hedge funds own 10.87% of the company’s stock.
Vodafone Group PLC (NASDAQ VOD) traded up 0.13% during trading on Friday, reaching $29.81. 3,099,701 shares of the company were exchanged. Vodafone Group PLC has a one year low of $24.17 and a one year high of $31.69. The company’s market capitalization is $79.36 billion.
The firm also recently disclosed a semiannual dividend, which was paid on Friday, August 4th. Investors of record on Friday, June 9th were issued a dividend of $1.1234 per share. The ex-dividend date was Wednesday, June 7th. This represents a yield of 7.74%. This is a boost from Vodafone Group PLC’s previous semiannual dividend of $0.56.
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Several analysts have recently weighed in on the stock. Barclays PLC downgraded shares of Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 19th. BidaskClub raised shares of Vodafone Group PLC from a “buy” rating to a “strong-buy” rating in a research note on Friday. J P Morgan Chase & Co reissued a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. Numis Securities Ltd initiated coverage on shares of Vodafone Group PLC in a research note on Friday, July 14th. They set an “add” rating for the company. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Vodafone Group PLC in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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