Vodafone Group Public (NASDAQ:VOD) Hits New 12-Month Low – Here’s What Happened

Vodafone Group Public Limited (NASDAQ:VOD) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.00 and last traded at $8.03, with a volume of 5186445 shares traded. The stock had previously closed at $8.49.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Vodafone Group Public Price Performance

The company has a 50 day moving average price of $8.53 and a 200 day moving average price of $9.18. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78.

Vodafone Group Public Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, November 22nd will be paid a $0.2423 dividend. This represents a dividend yield of 8%. The ex-dividend date of this dividend is Friday, November 22nd.

Hedge Funds Weigh In On Vodafone Group Public

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in shares of Vodafone Group Public by 102.7% in the second quarter. AQR Capital Management LLC now owns 104,783 shares of the cell phone carrier’s stock valued at $929,000 after purchasing an additional 53,087 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Vodafone Group Public during the 2nd quarter worth approximately $420,000. GAMMA Investing LLC grew its holdings in shares of Vodafone Group Public by 79.9% in the 3rd quarter. GAMMA Investing LLC now owns 7,023 shares of the cell phone carrier’s stock worth $70,000 after acquiring an additional 3,120 shares during the period. Aprio Wealth Management LLC increased its stake in Vodafone Group Public by 8.0% in the 3rd quarter. Aprio Wealth Management LLC now owns 35,821 shares of the cell phone carrier’s stock valued at $359,000 after purchasing an additional 2,668 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in Vodafone Group Public by 18.4% during the third quarter. Valeo Financial Advisors LLC now owns 20,828 shares of the cell phone carrier’s stock worth $209,000 after purchasing an additional 3,231 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

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.