Catalyst Capital Advisors LLC increased its stake in Vodafone Group PLC (NASDAQ:VOD) by 11.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,590 shares of the cell phone carrier’s stock after buying an additional 7,500 shares during the period. Catalyst Capital Advisors LLC’s holdings in Vodafone Group PLC were worth $1,919,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Pacific Center for Financial Services bought a new stake in Vodafone Group PLC during the fourth quarter valued at approximately $112,000. Apriem Advisors increased its stake in Vodafone Group PLC by 6.7% in the third quarter. Apriem Advisors now owns 4,428 shares of the cell phone carrier’s stock valued at $129,000 after buying an additional 279 shares during the period. Winslow Evans & Crocker Inc. boosted its position in Vodafone Group PLC by 4.2% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,956 shares of the cell phone carrier’s stock valued at $131,000 after buying an additional 200 shares in the last quarter. Washington Trust Bank boosted its position in Vodafone Group PLC by 26.2% in the first quarter. Washington Trust Bank now owns 5,011 shares of the cell phone carrier’s stock valued at $132,000 after buying an additional 1,040 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Vodafone Group PLC by 2,240.9% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 136,100 shares of the cell phone carrier’s stock valued at $136,000 after buying an additional 130,286 shares in the last quarter. 10.59% of the stock is currently owned by institutional investors and hedge funds.
Vodafone Group PLC (NASDAQ VOD) traded up 0.91% during trading on Friday, hitting $28.89. The stock had a trading volume of 4,921,043 shares. Vodafone Group PLC has a 52-week low of $24.17 and a 52-week high of $32.68. The firm’s 50-day moving average price is $28.51 and its 200-day moving average price is $26.25. The company’s market cap is $76.91 billion.
The firm also recently declared a semiannual dividend, which will be paid on Friday, August 4th. Investors of record on Friday, June 9th will be paid a $1.1234 dividend. This represents a dividend yield of 7.74%. The ex-dividend date is Wednesday, June 7th. This is a positive change from Vodafone Group PLC’s previous semiannual dividend of $0.56.
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Several research analysts have recently weighed in on VOD shares. Zacks Investment Research cut Vodafone Group PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, March 14th. Goldman Sachs Group, Inc. (The) upgraded Vodafone Group PLC from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, March 8th. Argus upgraded Vodafone Group PLC from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Monday. Sanford C. Bernstein upgraded Vodafone Group PLC from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 30th. Finally, Standpoint Research cut Vodafone Group PLC from an “accumulate” rating to a “reduce” rating and set a $30.00 price target for the company. in a research note on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.12.
About Vodafone Group PLC
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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