Kavar Capital Partners LLC increased its stake in Vodafone Group Plc (NASDAQ:VOD) by 17.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,790 shares of the cell phone carrier’s stock after purchasing an additional 7,600 shares during the quarter. Kavar Capital Partners LLC’s holdings in Vodafone Group were worth $846,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. OLD Second National Bank of Aurora increased its holdings in Vodafone Group by 277.2% during the 1st quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock valued at $25,000 after acquiring an additional 984 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in Vodafone Group by 282.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock valued at $25,000 after acquiring an additional 1,019 shares in the last quarter. Coastal Capital Group Inc. purchased a new position in Vodafone Group during the 2nd quarter valued at about $25,000. Asset Dedication LLC increased its holdings in Vodafone Group by 72.3% during the 2nd quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock valued at $31,000 after acquiring an additional 807 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC increased its holdings in Vodafone Group by 881.1% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock valued at $40,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.
Several equities analysts have weighed in on VOD shares. HSBC upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 target price for the company in a report on Friday, May 24th. Zacks Investment Research upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 26th. Bank of America reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday, August 1st. Morgan Stanley assumed coverage on shares of Vodafone Group in a report on Wednesday, August 7th. They set an “overweight” rating for the company. Finally, BidaskClub upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.30.
The firm also recently declared a dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, June 7th were given a dividend of $0.454 per share. The ex-dividend date of this dividend was Thursday, June 6th. Vodafone Group’s dividend payout ratio (DPR) is 151.67%.
Vodafone Group Company Profile
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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