Renaissance Technologies LLC lowered its stake in Vodafone Group PLC (NASDAQ:VOD) by 38.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,174,200 shares of the cell phone carrier’s stock after selling 3,218,656 shares during the period. Renaissance Technologies LLC’s holdings in Vodafone Group PLC were worth $136,754,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of VOD. Fisher Asset Management LLC acquired a new position in shares of Vodafone Group PLC during the first quarter valued at about $328,285,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Vodafone Group PLC by 31.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 16,251,160 shares of the cell phone carrier’s stock valued at $397,016,000 after buying an additional 3,848,108 shares in the last quarter. FMR LLC increased its position in shares of Vodafone Group PLC by 65.9% in the first quarter. FMR LLC now owns 5,789,369 shares of the cell phone carrier’s stock valued at $153,013,000 after buying an additional 2,299,529 shares in the last quarter. Highfields Capital Management LP increased its position in shares of Vodafone Group PLC by 676.5% in the fourth quarter. Highfields Capital Management LP now owns 2,537,817 shares of the cell phone carrier’s stock valued at $61,999,000 after buying an additional 2,211,000 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Vodafone Group PLC by 51.2% in the fourth quarter. Two Sigma Investments LP now owns 4,485,519 shares of the cell phone carrier’s stock valued at $109,581,000 after buying an additional 1,518,882 shares in the last quarter. Institutional investors and hedge funds own 10.59% of the company’s stock.
Vodafone Group PLC (VOD) traded up 0.9197% on Friday, hitting $28.8933. The company’s stock had a trading volume of 3,682,618 shares. The company’s market capitalization is $76.92 billion. The company has a 50 day moving average price of $28.44 and a 200-day moving average price of $26.22. Vodafone Group PLC has a 1-year low of $24.17 and a 1-year high of $32.68.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, August 4th. Investors of record on Friday, June 9th will be issued a $1.1234 dividend. This is a positive change from Vodafone Group PLC’s previous semiannual dividend of $0.56. This represents a yield of 7.74%. The ex-dividend date of this dividend is Wednesday, June 7th.
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Several equities analysts have recently issued reports on VOD shares. Zacks Investment Research downgraded Vodafone Group PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, March 14th. Goldman Sachs Group, Inc. (The) upgraded Vodafone Group PLC from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, March 8th. Argus upgraded Vodafone Group PLC from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Monday. Sanford C. Bernstein upgraded Vodafone Group PLC from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 30th. Finally, Standpoint Research downgraded Vodafone Group PLC from an “accumulate” rating to a “reduce” rating and set a $30.00 price objective for the company. in a research report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $31.12.
Vodafone Group PLC Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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