Vodafone Group Public (NASDAQ:VOD) Sees Large Volume Increase

Vodafone Group Public Limited (NASDAQ:VODGet Rating) shares saw an uptick in trading volume on Thursday . 377,622 shares traded hands during mid-day trading, a decline of 94% from the previous session’s volume of 6,646,435 shares.The stock last traded at $15.50 and had previously closed at $15.46.

VOD has been the topic of several research reports. Berenberg Bank downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Jefferies Financial Group lowered shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. JPMorgan Chase & Co. lifted their target price on shares of Vodafone Group Public from GBX 170 ($2.06) to GBX 175 ($2.12) in a research report on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vodafone Group Public from GBX 230 ($2.79) to GBX 225 ($2.73) in a research note on Friday, April 1st. Finally, StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Monday, May 30th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $142.11.

The company has a 50 day moving average price of $16.02 and a 200 day moving average price of $16.34. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.82 and a current ratio of 0.85.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, August 5th. Shareholders of record on Monday, June 6th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Friday, June 3rd. This represents a yield of 9.6%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VOD. Wetherby Asset Management Inc. increased its stake in Vodafone Group Public by 3.6% during the fourth quarter. Wetherby Asset Management Inc. now owns 19,461 shares of the cell phone carrier’s stock valued at $291,000 after acquiring an additional 677 shares during the period. Bridge Creek Capital Management LLC increased its stake in Vodafone Group Public by 0.5% in the first quarter. Bridge Creek Capital Management LLC now owns 145,275 shares of the cell phone carrier’s stock valued at $2,414,000 after purchasing an additional 688 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Vodafone Group Public by 5.7% during the first quarter. 180 Wealth Advisors LLC now owns 13,041 shares of the cell phone carrier’s stock worth $224,000 after purchasing an additional 707 shares during the last quarter. Private Capital Group LLC lifted its stake in Vodafone Group Public by 57.9% in the first quarter. Private Capital Group LLC now owns 1,989 shares of the cell phone carrier’s stock valued at $33,000 after acquiring an additional 729 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Vodafone Group Public by 5.6% in the first quarter. Valeo Financial Advisors LLC now owns 14,079 shares of the cell phone carrier’s stock valued at $234,000 after acquiring an additional 745 shares during the last quarter. 9.07% of the stock is owned by hedge funds and other institutional investors.

About Vodafone Group Public (NASDAQ:VOD)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company 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.

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