Gamco Investors INC. ET AL Buys 65,480 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Gamco Investors INC. ET AL increased its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,014,188 shares of the cell phone carrier’s stock after buying an additional 65,480 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Vodafone Group Public were worth $9,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Foundations Investment Advisors LLC bought a new stake in Vodafone Group Public in the fourth quarter valued at approximately $88,000. International Assets Investment Management LLC bought a new stake in Vodafone Group Public in the 4th quarter valued at $589,000. Allspring Global Investments Holdings LLC acquired a new stake in Vodafone Group Public during the 1st quarter valued at $46,000. Stifel Financial Corp increased its holdings in shares of Vodafone Group Public by 23.6% in the fourth quarter. Stifel Financial Corp now owns 532,381 shares of the cell phone carrier’s stock valued at $4,632,000 after purchasing an additional 101,553 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Vodafone Group Public in the first quarter valued at about $1,151,000. 7.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Vodafone Group Public in a report on Thursday, June 20th. They set a “buy” rating for the company. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Finally, New Street Research raised 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vodafone Group Public currently has an average rating of “Moderate Buy” and a consensus target price of $14.45.

Vodafone Group Public Stock Performance

Vodafone Group Public stock traded up $0.20 during midday trading on Friday, hitting $9.47. The company’s stock had a trading volume of 4,176,273 shares, compared to its average volume of 3,763,027. The company has a 50-day moving average price of $9.15 and a two-hundred day moving average price of $8.84. 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 current ratio of 1.31 and a quick ratio of 1.29.

Vodafone Group Public Cuts Dividend

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

Vodafone Group Public 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.