Vodafone Group Plc (NASDAQ:VOD) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 4,283,515 shares, a drop of 39.0% from the May 31st total of 7,024,845 shares. Based on an average trading volume of 4,674,225 shares, the days-to-cover ratio is currently 0.9 days.
Several research firms recently weighed in on VOD. Zacks Investment Research downgraded Vodafone Group from a “hold” rating to a “sell” rating in a report on Friday, April 13th. BidaskClub raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Saturday, April 14th. ValuEngine downgraded Vodafone Group from a “buy” rating to a “hold” rating in a report on Thursday, May 3rd. BNP Paribas raised Vodafone Group from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $28.67 to $28.56 in a report on Wednesday, March 7th. Finally, Citigroup raised Vodafone Group from a “neutral” rating to a “buy” rating in a report on Wednesday, April 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Vodafone Group has an average rating of “Buy” and a consensus target price of $31.71.
Shares of Vodafone Group opened at $24.24 on Friday, according to Marketbeat Ratings. The stock has a market cap of $64.85 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 1.31 and a beta of 0.79. Vodafone Group has a 12 month low of $24.04 and a 12 month high of $32.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.97.
The business also recently announced a semiannual dividend, which will be paid on Friday, August 3rd. Shareholders of record on Friday, June 8th will be issued a dividend of $1.2237 per share. The ex-dividend date of this dividend is Thursday, June 7th. This is an increase from Vodafone Group’s previous semiannual dividend of $0.56. This represents a yield of 9.2%. Vodafone Group’s payout ratio is presently 177.21%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC lifted its holdings in Vodafone Group by 136.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,117 shares of the cell phone carrier’s stock worth $115,000 after buying an additional 2,379 shares during the period. Princeton Capital Management LLC bought a new position in shares of Vodafone Group in the 1st quarter worth about $116,000. Truewealth LLC bought a new position in shares of Vodafone Group in the 4th quarter worth about $142,000. Institutional & Family Asset Management LLC bought a new position in shares of Vodafone Group in the 1st quarter worth about $146,000. Finally, Centaurus Financial Inc. bought a new position in shares of Vodafone Group in the 1st quarter worth about $150,000. 10.85% of the stock is currently owned by hedge funds and other institutional investors.
Vodafone Group Company Profile
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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