Axxcess Wealth Management LLC Boosts Stock Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Axxcess Wealth Management LLC raised its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 8.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 31,342 shares of the cell phone carrier’s stock after purchasing an additional 2,400 shares during the period. Axxcess Wealth Management LLC’s holdings in Vodafone Group Public were worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. ACR Alpine Capital Research LLC boosted its holdings in shares of Vodafone Group Public by 40.4% in the 1st quarter. ACR Alpine Capital Research LLC now owns 21,608,956 shares of the cell phone carrier’s stock valued at $192,320,000 after buying an additional 6,216,805 shares in the last quarter. ICICI Prudential Asset Management Co Ltd grew its position in Vodafone Group Public by 17.8% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 9,269,284 shares of the cell phone carrier’s stock worth $80,643,000 after purchasing an additional 1,400,000 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Vodafone Group Public by 20.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,548,765 shares of the cell phone carrier’s stock worth $40,484,000 after purchasing an additional 761,624 shares during the last quarter. First Trust Advisors LP grew its position in Vodafone Group Public by 0.4% during the 4th quarter. First Trust Advisors LP now owns 3,301,869 shares of the cell phone carrier’s stock worth $28,726,000 after purchasing an additional 12,826 shares during the last quarter. Finally, abrdn plc grew its position in Vodafone Group Public by 1.9% during the 4th quarter. abrdn plc now owns 1,928,400 shares of the cell phone carrier’s stock worth $16,777,000 after purchasing an additional 36,600 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Stock Up 2.2 %

VOD stock opened at $9.47 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $9.15 and its 200-day simple moving average is $8.84. Vodafone Group Public Limited has a 12 month low of $8.02 and a 12 month high of $10.19.

Vodafone Group Public Cuts Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 7th will be paid a $0.469 dividend. This represents a dividend yield of 9.6%. The ex-dividend date is Friday, June 7th.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Vodafone Group Public in a research report on Thursday, June 20th. They set a “buy” rating on the stock. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Finally, New Street Research raised shares of Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.45.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.