Employees Retirement System of Texas purchased a new position in shares of VEON Ltd (NASDAQ:VEON) during the fourth quarter, Holdings Channel reports. The firm purchased 32,142 shares of the Wireless communications provider’s stock, valued at approximately $75,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of VEON in the third quarter worth $3,302,000. Commonwealth Bank of Australia boosted its holdings in shares of VEON by 4.5% in the third quarter. Commonwealth Bank of Australia now owns 2,452,491 shares of the Wireless communications provider’s stock worth $7,109,000 after acquiring an additional 105,000 shares during the period. Fosun International Ltd bought a new position in shares of VEON in the third quarter worth $1,916,000. Canada Pension Plan Investment Board boosted its holdings in shares of VEON by 3,302.9% in the third quarter. Canada Pension Plan Investment Board now owns 3,067,645 shares of the Wireless communications provider’s stock worth $8,896,000 after acquiring an additional 2,977,496 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of VEON by 17.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,957,293 shares of the Wireless communications provider’s stock worth $11,483,000 after acquiring an additional 598,227 shares during the period. Hedge funds and other institutional investors own 14.81% of the company’s stock.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised VEON from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Wednesday, November 21st. BidaskClub raised VEON from a “strong sell” rating to a “sell” rating in a report on Thursday, February 7th. Finally, VTB Capital lowered VEON from a “buy” rating to a “hold” rating and set a $2.80 price target for the company. in a report on Wednesday, January 16th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $3.27.
The firm also recently disclosed an annual dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 8th will be paid a dividend of $0.17 per share. This represents a yield of 6.94%. The ex-dividend date is Thursday, March 7th. VEON’s dividend payout ratio is 450.00%.
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VEON Company Profile
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company provides mobile telecommunications services under contract and prepaid plans for corporate and consumer segments; value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile Internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; and mobile bundles.
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