Truist Financial Corp increased its position in Vodafone Group Public Limited (NASDAQ:VOD – Get Rating) by 10.0% during Q1, HoldingsChannel.com reports. The company held 1,179,190 shares of the mobile operator after acquiring 107,417 additional shares during the quarter. Truist Financial Corp’s holdings in Vodafone Group Public were worth $19,599,000 at the end of the last quarter.

Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in VOD. ICICI Prudential Asset Management Co Ltd increased its stake in Vodafone Group Public shares by 28.3% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 6,921,442 shares of the mobile operator valued at $103,337,000 after buying an additional 1,525,402 shares in the last quarter. Rockefeller Capital Management LP increased its position in Vodafone Group Public by 138.1% during the 4th quarter. Rockefeller Capital Management LP now owns 1,122,158 shares of the mobile operator worth $16,886,000 after acquiring an additional 650,874 shares last quarter. Cubist Systematic Strategies LLC increased its position in Vodafone Group Public by 274.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 573,973 shares of the mobile operator worth $8,569,000 after acquiring an additional 420,859 shares last quarter. Benson Investment Management Company Inc. acquired a new position in Vodafone Group Public during Q4 for a value of approximately $4,215,000. Finally, Advisors Management Group Inc. ADV increased its position in Vodafone Group Public by 109.1% during the 1st quarter. Advisors Management Group Inc. ADV now owns 424,920 shares of the mobile operator worth $7,062,000 after acquiring 221,746 additional shares in the last quarter. 9.07% of the shares are currently held by institutional investors and hedge funds.

NASDAQ VOD shares opened at $15.45 on Friday. Vodafone Group Public Limited has a 12-month low of $14.42 and a 12-month high of $19.05. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt ratio of 1.02. The company has a 50-day simple moving average of $15.59 and a 200-day simple moving average of $16.41.

The company also recently declared a semi-annual dividend, which will be paid on Friday, August 5. Shareholders of record on Monday, June 6 will receive a dividend of $0.455. The ex-dividend date is Friday, June 3. This represents a dividend yield of 9.6%.

Several research firms have recently commented on VOD. UBS Group reduced its price target on Vodafone Group Public from GBX 147 ($1.78) to GBX 146 ($1.77) in a Wednesday, May 18 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Vodafone Group Public from GBX 230 ($2.79) to GBX 225 ($2.72) in a Friday, April 1 report. Barclays downgraded Vodafone Group Public from an “overweight” rating to an “equal weight” rating in a report on Wednesday June 22. Jefferies Financial Group downgraded Vodafone Group Public from a “buy” rating to a “hold” rating in a Thursday, May 12 report. Finally, Berenberg Bank downgraded Vodafone Group Public from a “buy” rating to a “hold” rating in a Tuesday, April 5 report. Five analysts gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat.com, Vodafone Group Public has an average rating of “Moderate Buy” and a consensus price target of $169.33.

Vodafone Group Public Company Profile (Get an evaluation)

Vodafone Group Public Limited Company is active in telecommunications services in Europe and internationally. The company offers mobile services that allow customers to call, text and access data; fixed telephony services, including broadband, television (TV) and voice offers; and convergence services under the GigaKombi and Vodafone One names to customers.

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Want to see what other hedge funds hold VOD? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Vodafone Group Public Limited (NASDAQ:VOD – Get Rating).

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