Vodafone Group PLC $VOD Shares Bought by Summit Global Investments

Summit Global Investments lifted its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 156.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,591 shares of the cell phone carrier’s stock after purchasing an additional 87,001 shares during the quarter. Summit Global Investments’ holdings in Vodafone Group were worth $1,520,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Vodafone Group during the second quarter valued at $25,000. Atwood & Palmer Inc. acquired a new stake in shares of Vodafone Group during the 2nd quarter valued at about $27,000. GAMMA Investing LLC increased its stake in shares of Vodafone Group by 49.7% in the 2nd quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier’s stock valued at $71,000 after purchasing an additional 2,201 shares in the last quarter. Parallel Advisors LLC raised its holdings in Vodafone Group by 38.4% in the 2nd quarter. Parallel Advisors LLC now owns 7,581 shares of the cell phone carrier’s stock worth $81,000 after purchasing an additional 2,105 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Vodafone Group by 183.6% during the second quarter. Farther Finance Advisors LLC now owns 7,567 shares of the cell phone carrier’s stock worth $81,000 after purchasing an additional 4,899 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group cut Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price objective for the company. in a research report on Thursday, July 31st. BNP Paribas raised shares of Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Zacks Research cut shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. Finally, UBS Group reissued a “sell” rating on shares of Vodafone Group in a research note on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and an average target price of $72.00.

Vodafone Group Trading Down 2.3%

Shares of NASDAQ VOD opened at $11.83 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $11.66 and a 200 day moving average of $11.14. Vodafone Group PLC has a 12-month low of $8.00 and a 12-month high of $12.72.

Vodafone Group Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be issued a $0.2567 dividend. This represents a dividend yield of 434.0%. The ex-dividend date of this dividend is Monday, November 24th.

About Vodafone Group

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.