Vodafone Group PLC $VOD Holdings Boosted by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 72.4% in the 1st quarter, Holdings Channel reports. The firm owned 866,316 shares of the cell phone carrier’s stock after acquiring an additional 363,694 shares during the quarter. Sei Investments Co.’s holdings in Vodafone Group were worth $13,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of Vodafone Group by 156.8% in the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after purchasing an additional 1,389 shares during the last quarter. Bayban increased its position in Vodafone Group by 6,696.7% in the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after buying an additional 2,009 shares during the period. American Capital Advisory LLC lifted its stake in Vodafone Group by 40.8% in the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after buying an additional 696 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Vodafone Group by 81.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 1,193 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of Vodafone Group by 38.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after acquiring an additional 946 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Stock Performance

Vodafone Group stock opened at $16.14 on Friday. Vodafone Group PLC has a 52 week low of $10.66 and a 52 week high of $16.60. The company’s 50-day moving average price is $14.68 and its two-hundred day moving average price is $14.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11.

Vodafone Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, July 30th. Investors of record on Friday, June 5th were paid a dividend of $0.2766 per share. This represents a dividend yield of 376.0%. The ex-dividend date was Friday, June 5th.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Barclays lowered shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. Bank of America downgraded Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a research report on Tuesday, May 26th. Finally, New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $10.57.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.