O Shaughnessy Asset Management LLC Purchases 308,861 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

O Shaughnessy Asset Management LLC raised its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 33.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,219,658 shares of the cell phone carrier’s stock after purchasing an additional 308,861 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Vodafone Group Public were worth $10,855,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ACR Alpine Capital Research LLC lifted its holdings in shares of Vodafone Group Public by 40.4% in the first quarter. ACR Alpine Capital Research LLC now owns 21,608,956 shares of the cell phone carrier’s stock valued at $192,320,000 after purchasing an additional 6,216,805 shares in the last quarter. ICICI Prudential Asset Management Co Ltd boosted its holdings in Vodafone Group Public by 17.8% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 9,269,284 shares of the cell phone carrier’s stock worth $80,643,000 after acquiring an additional 1,400,000 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Vodafone Group Public by 20.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,548,765 shares of the cell phone carrier’s stock valued at $40,484,000 after purchasing an additional 761,624 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Vodafone Group Public by 0.4% during the fourth quarter. First Trust Advisors LP now owns 3,301,869 shares of the cell phone carrier’s stock valued at $28,726,000 after purchasing an additional 12,826 shares in the last quarter. Finally, abrdn plc boosted its holdings in Vodafone Group Public by 1.9% during the fourth quarter. abrdn plc now owns 1,928,400 shares of the cell phone carrier’s stock worth $16,777,000 after purchasing an additional 36,600 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VOD shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Vodafone Group Public in a research report on Thursday, June 20th. They set a “buy” rating on the stock. New Street Research upgraded Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. Finally, StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.45.

Vodafone Group Public Price Performance

Shares of VOD stock traded up $0.01 during trading hours on Tuesday, hitting $9.08. 2,962,689 shares of the company were exchanged, compared to its average volume of 6,898,031. The firm has a fifty day simple moving average of $9.18 and a 200 day simple moving average of $8.83. Vodafone Group Public Limited has a 52-week low of $8.02 and a 52-week high of $10.19. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79.

Vodafone Group Public Cuts Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, June 7th will be given a dividend of $0.469 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a dividend yield of 9.6%.

About Vodafone Group Public

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.