Cambridge Investment Research Advisors Inc. Has $1.54 Million Position in Vodafone Group Public Limited (NASDAQ:VOD)

Posted by Defense World Staff on May 18th, 2023

Cambridge Investment Research Advisors Inc. raised its position in Vodafone Group Public Limited (NASDAQ:VOD – Get Rating) by 24.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,946 shares of the cell phone carrier’s stock after acquiring an additional 30,005 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Vodafone Group Public were worth $1,538,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of Vodafone Group Public by 5.7% during the 1st quarter. Renaissance Technologies LLC now owns 27,537,932 shares of the cell phone carrier’s stock worth $457,680,000 after buying an additional 1,487,100 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Vodafone Group Public by 16.0% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 20,662,429 shares of the cell phone carrier’s stock worth $234,106,000 after purchasing an additional 2,857,178 shares in the last quarter. ICICI Prudential Asset Management Co Ltd raised its stake in Vodafone Group Public by 25.9% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 7,281,084 shares of the cell phone carrier’s stock worth $73,685,000 after purchasing an additional 1,500,000 shares in the last quarter. Royal Bank of Canada raised its stake in Vodafone Group Public by 2.0% in the 3rd quarter. Royal Bank of Canada now owns 5,907,910 shares of the cell phone carrier’s stock worth $66,936,000 after purchasing an additional 115,026 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Vodafone Group Public by 12.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,629,919 shares of the cell phone carrier’s stock worth $52,457,000 after purchasing an additional 518,471 shares in the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays decreased their target price on shares of Vodafone Group Public from GBX 120 ($1.50) to GBX 115 ($1.44) in a report on Thursday, February 2nd. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, May 12th. Citigroup initiated coverage on shares of Vodafone Group Public in a report on Tuesday, April 4th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. decreased their price target on shares of Vodafone Group Public from GBX 97 ($1.22) to GBX 95 ($1.19) in a report on Thursday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vodafone Group Public from GBX 215 ($2.69) to GBX 195 ($2.44) in a report on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $134.71.

Vodafone Group Public Price Performance

NASDAQ:VOD opened at $10.24 on Thursday. The firm’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $11.30. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.04. Vodafone Group Public Limited has a one year low of $9.94 and a one year high of $16.88.

Vodafone Group Public Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 17th. Stockholders of record on Friday, June 9th were given a $0.4882 dividend. The ex-dividend date was Thursday, June 8th. This is an increase from Vodafone Group Public’s previous dividend of $0.45.

Vodafone Group Public Profile

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Vodafone Group Plc engages in telecommunication services in Europe and internationally. The firms offers mobile services that enable customers to call, text and access data, fixed line services, including broadband, television (TV) offerings, and voice and convergence services under the GigaKombi and Vodafone One names to customers.