SG Trading Solutions LLC Invests $833,000 in Vodafone Group PLC $VOD

SG Trading Solutions LLC acquired a new stake in shares of Vodafone Group PLC (NASDAQ:VOD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 63,028 shares of the cell phone carrier’s stock, valued at approximately $833,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Vodafone Group by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier’s stock valued at $201,935,000 after buying an additional 182,574 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Vodafone Group by 9,637.5% during the fourth quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock valued at $117,602,000 after acquiring an additional 8,811,061 shares during the period. Bank of America Corp DE increased its holdings in shares of Vodafone Group by 9.1% in the 3rd quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock worth $85,041,000 after acquiring an additional 610,409 shares during the period. SALT Holding Corp. lifted its position in Vodafone Group by 5.5% in the 3rd quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock valued at $44,324,000 after purchasing an additional 197,500 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Vodafone Group by 1.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,222,283 shares of the cell phone carrier’s stock valued at $37,378,000 after purchasing an additional 60,305 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Zacks Research lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Barclays cut Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target for the company. in a research note on Tuesday, May 26th. Finally, UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Vodafone Group presently has a consensus rating of “Reduce” and an average target price of $52.38.

Vodafone Group Trading Down 1.6%

NASDAQ VOD opened at $14.30 on Friday. Vodafone Group PLC has a 12 month low of $10.06 and a 12 month high of $16.60. The company’s 50 day simple moving average is $15.29 and its 200 day simple moving average is $14.56. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

Vodafone Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, June 5th will be given a dividend of $0.2766 per share. The ex-dividend date is Friday, June 5th. This represents a dividend yield of 376.0%.

Vodafone Group Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.