Providence Wealth Advisors LLC Invests $224,000 in Vodafone Group PLC $VOD

Providence Wealth Advisors LLC bought a new stake in Vodafone Group PLC (NASDAQ:VOD) during the second quarter, HoldingsChannel.com reports. The fund bought 19,971 shares of the cell phone carrier’s stock, valued at approximately $224,000.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Vodafone Group in the second quarter valued at approximately $25,000. Atwood & Palmer Inc. bought a new position in Vodafone Group in the second quarter valued at $27,000. GAMMA Investing LLC increased its stake in Vodafone Group by 49.7% in the 2nd quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier’s stock valued at $71,000 after buying an additional 2,201 shares during the last quarter. Parallel Advisors LLC lifted its position in Vodafone Group by 38.4% during the 2nd quarter. Parallel Advisors LLC now owns 7,581 shares of the cell phone carrier’s stock worth $81,000 after buying an additional 2,105 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Vodafone Group by 183.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,567 shares of the cell phone carrier’s stock worth $81,000 after buying an additional 4,899 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VOD shares. Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. BNP Paribas Exane assumed coverage on Vodafone Group in a report on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 price objective for the company. The Goldman Sachs Group downgraded shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 target price on the stock. in a report on Thursday, July 31st. Zacks Research cut shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. Finally, UBS Group restated a “sell” rating on shares of Vodafone Group in a research note on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, Vodafone Group presently has a consensus rating of “Strong Sell” and an average target price of $72.00.

Vodafone Group Trading Up 2.2%

VOD opened at $12.11 on Friday. The stock’s fifty day simple moving average is $11.66 and its 200 day simple moving average is $11.11. Vodafone Group PLC has a 1-year low of $8.00 and a 1-year high of $12.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

Vodafone Group Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.2567 per share. This represents a dividend yield of 415.0%. The ex-dividend date is Monday, November 24th.

About Vodafone Group

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.