Orographic Financial Advisors LLC Purchases Shares of 59,245 Vodafone Group PLC $VOD

Orographic Financial Advisors LLC purchased a new position in Vodafone Group PLC (NASDAQ:VOD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,245 shares of the cell phone carrier’s stock, valued at approximately $889,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayban grew its stake in shares of 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 purchasing an additional 2,009 shares during the last quarter. Assetmark Inc. raised its position in Vodafone Group by 156.8% during the 4th 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 during the last quarter. American Capital Advisory LLC raised its position in Vodafone Group by 40.8% during the 4th 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 during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Vodafone Group by 81.8% in the 4th 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 position in shares of Vodafone Group by 207.6% in the 4th quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock worth $43,000 after buying an additional 2,215 shares during the last quarter. 7.84% of the stock is owned by institutional investors.

Vodafone Group Price Performance

Shares of Vodafone Group stock opened at $16.14 on Friday. Vodafone Group PLC has a 1 year low of $10.66 and a 1 year high of $16.60. The company has a 50-day moving average of $14.68 and a 200 day moving average of $14.90. 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 Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on VOD shares. Bank of America downgraded 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 shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. DZ Bank lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Zacks Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $10.57.

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.