Vodafone Group Plc (NASDAQ:VOD) has been assigned a consensus recommendation of “Buy” from the nineteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $23.87.
VOD has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. HSBC reaffirmed a “hold” rating on shares of MARKS & SPENCER/S in a research note on Friday, May 24th. BidaskClub downgraded shares of Boingo Wireless from a “sell” rating to a “strong sell” rating in a research note on Monday, June 10th. Finally, Macquarie reaffirmed a “neutral” rating on shares of PROXIMUS/ADR in a research note on Wednesday, March 20th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sontag Advisory LLC bought a new stake in shares of Vodafone Group during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora grew its position in Vodafone Group by 277.2% in the 1st quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock worth $25,000 after purchasing an additional 984 shares during the period. Cornerstone Advisors Inc. grew its position in Vodafone Group by 282.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock worth $25,000 after purchasing an additional 1,019 shares during the period. Massey Quick Simon & CO. LLC grew its position in Vodafone Group by 881.1% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock worth $40,000 after purchasing an additional 2,000 shares during the period. Finally, Heritage Wealth Advisors bought a new stake in Vodafone Group in the 1st quarter worth approximately $41,000. 7.93% of the stock is owned by institutional investors.
The company also recently declared a dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 7th will be given a dividend of $0.454 per share. The ex-dividend date is Thursday, June 6th. Vodafone Group’s dividend payout ratio (DPR) is currently 151.67%.
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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