ACR Alpine Capital Research LLC Grows Holdings in Vodafone Group PLC $VOD

ACR Alpine Capital Research LLC raised its position in Vodafone Group PLC (NASDAQ:VOD) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,095,086 shares of the cell phone carrier’s stock after buying an additional 228,325 shares during the period. Vodafone Group makes up about 5.2% of ACR Alpine Capital Research LLC’s holdings, making the stock its 12th biggest holding. ACR Alpine Capital Research LLC owned approximately 1.09% of Vodafone Group worth $302,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in Vodafone Group by 22.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock valued at $295,079,000 after purchasing an additional 5,160,095 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Vodafone Group by 116.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock valued at $86,092,000 after buying an additional 4,352,389 shares during the last quarter. SALT Holding Corp. grew its position in shares of Vodafone Group by 3,039.6% during the second quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock worth $38,627,000 after buying an additional 3,508,086 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Vodafone Group by 282.5% in the second quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock worth $33,707,000 after buying an additional 2,335,306 shares during the last quarter. Finally, ABC Arbitrage SA raised its holdings in Vodafone Group by 116.3% in the second quarter. ABC Arbitrage SA now owns 2,972,904 shares of the cell phone carrier’s stock valued at $31,691,000 after acquiring an additional 1,598,700 shares in the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VOD shares. Wall Street Zen downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. BNP Paribas Exane raised Vodafone Group to a “strong sell” rating in a report on Tuesday, October 21st. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a research report on Monday, November 3rd. Finally, Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Vodafone Group presently has an average rating of “Reduce” and a consensus price target of $72.00.

Vodafone Group Stock Up 2.5%

Shares of Vodafone Group stock opened at $13.94 on Friday. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $14.02. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The business’s 50 day simple moving average is $12.88 and its 200-day simple moving average is $11.98.

Vodafone Group Dividend Announcement

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

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.