Accel Wealth Management Buys 1,424 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Accel Wealth Management lifted its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,024 shares of the cell phone carrier’s stock after acquiring an additional 1,424 shares during the quarter. Accel Wealth Management’s holdings in Vodafone Group Public were worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. ICICI Prudential Asset Management Co Ltd grew its stake in shares of 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 valued at $80,643,000 after acquiring an additional 1,400,000 shares during the period. First Trust Advisors LP grew its stake in shares of 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 valued at $28,726,000 after acquiring an additional 12,826 shares during the period. FMR LLC grew its stake in shares of Vodafone Group Public by 87.9% during the 3rd quarter. FMR LLC now owns 2,369,456 shares of the cell phone carrier’s stock valued at $22,462,000 after acquiring an additional 1,108,312 shares during the period. abrdn plc grew its stake in shares of 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 valued at $16,777,000 after acquiring an additional 36,600 shares during the period. Finally, American Century Companies Inc. boosted its stake in Vodafone Group Public by 6.3% in the 3rd quarter. American Century Companies Inc. now owns 871,833 shares of the cell phone carrier’s stock worth $8,265,000 after purchasing an additional 51,965 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Price Performance

VOD stock opened at $8.84 on Friday. Vodafone Group Public Limited has a 1-year low of $8.02 and a 1-year high of $10.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.29 and a current ratio of 1.31. The business has a 50 day simple moving average of $9.05 and a two-hundred day simple moving average of $8.80.

Vodafone Group Public Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com downgraded Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Monday, May 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Vodafone Group Public in a research note on Thursday, June 20th. They issued a “buy” rating for the company.

About Vodafone Group Public

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.