Vodafone Group PLC $VOD Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in Vodafone Group PLC (NASDAQ:VOD) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 643,452 shares of the cell phone carrier’s stock after purchasing an additional 95,088 shares during the quarter. Ritholtz Wealth Management’s holdings in Vodafone Group were worth $7,464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Vodafone Group in the second quarter valued at about $25,000. Sound Income Strategies LLC increased its position in Vodafone Group by 3,455.7% in the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock valued at $39,000 after acquiring an additional 3,352 shares during the period. Global Retirement Partners LLC raised its stake in Vodafone Group by 36.2% during the 3rd quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier’s stock valued at $74,000 after acquiring an additional 1,698 shares during the last quarter. GAMMA Investing LLC lifted its position in Vodafone Group by 49.7% during the 2nd quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier’s stock worth $71,000 after acquiring an additional 2,201 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Vodafone Group by 98.1% in the second quarter. Smartleaf Asset Management LLC now owns 7,372 shares of the cell phone carrier’s stock valued at $78,000 after purchasing an additional 3,651 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VOD shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. BNP Paribas Exane started coverage on shares of Vodafone Group in a report on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 target price on the stock. Zacks Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday. BNP Paribas upgraded shares of Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $72.00.

Vodafone Group Stock Performance

VOD stock opened at $13.45 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. The company’s 50-day moving average price is $12.73 and its 200 day moving average price is $11.88. Vodafone Group PLC has a 52 week low of $8.00 and a 52 week high of $13.99.

Vodafone Group Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be issued a $0.2567 dividend. The ex-dividend date is Monday, November 24th. This represents a dividend yield of 434.0%.

Vodafone Group Profile

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.