Renaissance Technologies LLC Has $58.68 Million Stock Position in Vodafone Group PLC $VOD

Renaissance Technologies LLC lowered its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 17.7% during the first quarter, Holdings Channel reports. The fund owned 3,906,751 shares of the cell phone carrier’s stock after selling 841,056 shares during the quarter. Renaissance Technologies LLC’s holdings in Vodafone Group were worth $58,679,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bayban boosted its stake in Vodafone Group by 6,696.7% in the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 2,009 shares during the period. Assetmark Inc. lifted its holdings in shares of Vodafone Group by 156.8% in the fourth quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,389 shares in the last quarter. American Capital Advisory LLC lifted its holdings in shares of 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 purchasing an additional 696 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Vodafone Group by 81.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock worth $35,000 after buying an additional 1,193 shares during the period. Finally, Manchester Capital Management LLC grew its holdings in shares of Vodafone Group by 207.6% during the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock valued at $43,000 after buying an additional 2,215 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Performance

Shares of VOD opened at $15.15 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average price is $14.61 and its 200 day moving average price is $14.83. Vodafone Group PLC has a twelve month low of $10.66 and a twelve month high of $16.60.

Vodafone Group Announces Dividend

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

Analyst Upgrades and Downgrades

VOD has been the subject of several research analyst reports. 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 note on Tuesday, May 26th. DZ Bank downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Zacks Research cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $52.38.

Vodafone Group 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.