Park Avenue Securities LLC Raises Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Park Avenue Securities LLC lifted its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,450 shares of the cell phone carrier’s stock after purchasing an additional 2,453 shares during the period. Park Avenue Securities LLC’s holdings in Vodafone Group Public were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VOD. Anchor Investment Management LLC acquired a new position in shares of Vodafone Group Public during the 4th quarter worth $44,000. First Horizon Advisors Inc. raised its position in Vodafone Group Public by 581.7% during the fourth quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier’s stock worth $47,000 after acquiring an additional 4,566 shares during the last quarter. WFA Asset Management Corp grew its position in shares of Vodafone Group Public by 146.7% in the fourth quarter. WFA Asset Management Corp now owns 5,466 shares of the cell phone carrier’s stock valued at $48,000 after purchasing an additional 3,250 shares during the last quarter. Pingora Partners LLC purchased a new position in shares of Vodafone Group Public during the 4th quarter worth approximately $57,000. Finally, Barclays PLC raised its position in shares of Vodafone Group Public by 402.2% during the 3rd quarter. Barclays PLC now owns 7,106 shares of the cell phone carrier’s stock worth $66,000 after purchasing an additional 5,691 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VOD shares. StockNews.com downgraded Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Monday, May 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Vodafone Group Public in a research note on Thursday, June 20th. They issued a “buy” rating for the company.

Vodafone Group Public Price Performance

Shares of NASDAQ:VOD opened at $8.87 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29. The stock’s 50-day moving average price is $9.04 and its two-hundred day moving average price is $8.79. Vodafone Group Public Limited has a 12-month low of $8.02 and a 12-month high of $10.19.

Vodafone Group Public Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 7th will be issued a $0.469 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a yield of 9.6%.

Vodafone Group Public Company Profile

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.