39,052 Shares in Vodafone Group PLC $VOD Purchased by IFS Group LLC

IFS Group LLC purchased a new stake in shares of Vodafone Group PLC (NASDAQ:VOD) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 39,052 shares of the cell phone carrier’s stock, valued at approximately $587,000.

Other institutional investors have also added to or reduced their stakes in the company. Amundi bought a new position in shares of Vodafone Group during the first quarter valued at approximately $8,060,000. EverSource Wealth Advisors LLC lifted its stake in shares of Vodafone Group by 53.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 18,769 shares of the cell phone carrier’s stock worth $282,000 after acquiring an additional 6,523 shares during the last quarter. Empowered Funds LLC boosted its holdings in Vodafone Group by 2.9% during the 1st quarter. Empowered Funds LLC now owns 329,839 shares of the cell phone carrier’s stock valued at $4,954,000 after acquiring an additional 9,294 shares during the period. Copley Financial Group Inc. boosted its holdings in Vodafone Group by 28.8% during the 1st quarter. Copley Financial Group Inc. now owns 30,611 shares of the cell phone carrier’s stock valued at $460,000 after acquiring an additional 6,844 shares during the period. Finally, Compound Planning Inc. grew its position in Vodafone Group by 6.9% in the 1st quarter. Compound Planning Inc. now owns 37,426 shares of the cell phone carrier’s stock valued at $562,000 after acquiring an additional 2,406 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

Wall Street Analyst Weigh In

VOD has been the subject of several research analyst reports. Weiss Ratings downgraded Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Barclays cut shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Zacks Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $52.38.

Vodafone Group Trading Down 1.6%

NASDAQ:VOD opened at $16.13 on Thursday. The firm has a 50-day simple moving average of $14.66 and a 200-day simple moving average of $14.88. Vodafone Group PLC has a one year low of $10.66 and a one 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.

Vodafone Group Dividend Announcement

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

Vodafone Group Company 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.