Leo Wealth LLC Invests $1.16 Million in Vodafone Group Public Limited (NASDAQ:VOD)

Leo Wealth LLC acquired a new stake in shares of Vodafone Group Public Limited (NASDAQ:VOD) in the fourth quarter, HoldingsChannel reports. The firm acquired 132,982 shares of the cell phone carrier’s stock, valued at approximately $1,159,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Anchor Investment Management LLC purchased a new stake in shares of Vodafone Group Public in the 4th quarter worth $44,000. First Horizon Advisors Inc. increased its holdings in Vodafone Group Public by 581.7% during the fourth quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier’s stock valued at $47,000 after buying an additional 4,566 shares during the period. WFA Asset Management Corp raised its stake in Vodafone Group Public by 146.7% in the fourth quarter. WFA Asset Management Corp now owns 5,466 shares of the cell phone carrier’s stock worth $48,000 after buying an additional 3,250 shares in the last quarter. Pingora Partners LLC purchased a new stake in Vodafone Group Public during the fourth quarter worth $57,000. Finally, Global Retirement Partners LLC boosted its position in Vodafone Group Public by 47.6% during the 4th quarter. Global Retirement Partners LLC now owns 7,472 shares of the cell phone carrier’s stock valued at $64,000 after acquiring an additional 2,411 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Monday, May 27th.

Vodafone Group Public Stock Up 1.4 %

Vodafone Group Public stock opened at $8.86 on Tuesday. Vodafone Group Public Limited has a one year low of $8.02 and a one year high of $10.19. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average of $8.93 and a two-hundred day moving average of $8.78.

Vodafone Group Public Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, August 2nd. Shareholders 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 of this dividend is Friday, June 7th.

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.