Vodafone Group PLC $VOD Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management raised its holdings in Vodafone Group PLC (NASDAQ:VOD) by 6.9% during the 1st quarter, Holdings Channel reports. The firm owned 745,428 shares of the cell phone carrier’s stock after purchasing an additional 48,076 shares during the quarter. Ritholtz Wealth Management’s holdings in Vodafone Group were worth $11,196,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. American Capital Advisory LLC raised its position in shares of Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock worth $32,000 after purchasing an additional 696 shares during the last quarter. RNC Capital Management LLC grew its holdings in Vodafone Group by 1.3% during the 4th quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock valued at $711,000 after buying an additional 713 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Vodafone Group by 4.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock worth $233,000 after buying an additional 713 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Vodafone Group by 28.3% in the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock worth $47,000 after acquiring an additional 778 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after acquiring an additional 946 shares in the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on VOD shares. DZ Bank cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. UBS Group raised shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Barclays downgraded shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Weiss Ratings downgraded shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Finally, Bank of America lowered shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $52.38.

Vodafone Group Price Performance

Vodafone Group stock opened at $13.81 on Thursday. Vodafone Group PLC has a 1 year low of $10.28 and a 1 year high of $16.60. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. The firm has a 50 day moving average price of $15.16 and a 200 day moving average price of $14.61.

Vodafone Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.2766 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a dividend yield of 376.0%.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.