Rockefeller Capital Management L.P. Has $5.21 Million Holdings in Vodafone Group PLC $VOD

Rockefeller Capital Management L.P. lessened its holdings in Vodafone Group PLC (NASDAQ:VOD) by 27.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 394,194 shares of the cell phone carrier’s stock after selling 151,965 shares during the period. Rockefeller Capital Management L.P.’s holdings in Vodafone Group were worth $5,207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VOD. AQR Capital Management LLC boosted its stake in shares of Vodafone Group by 21.4% in the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock valued at $622,000 after purchasing an additional 11,703 shares in the last quarter. Empowered Funds LLC increased its position in Vodafone Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier’s stock worth $2,779,000 after purchasing an additional 5,592 shares in the last quarter. Focus Partners Wealth lifted its stake in Vodafone Group by 19.7% in the 1st quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier’s stock valued at $195,000 after purchasing an additional 3,435 shares during the last quarter. M&T Bank Corp boosted its position in Vodafone Group by 13.4% in the second quarter. M&T Bank Corp now owns 19,278 shares of the cell phone carrier’s stock valued at $206,000 after buying an additional 2,285 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Vodafone Group during the second quarter worth $140,000. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Performance

Shares of NASDAQ:VOD opened at $13.89 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a 52 week low of $10.51 and a 52 week high of $16.60. The firm’s fifty day moving average is $15.09 and its 200-day moving average is $14.61.

Vodafone Group Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, June 5th will be issued a $0.2766 dividend. The ex-dividend date is Friday, June 5th. This represents a yield of 376.0%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings cut Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. DZ Bank lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price for the company. in a report on Tuesday, May 26th. Wall Street Zen raised Vodafone Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Finally, UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $52.38.

Vodafone Group Company Profile

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.