Vodafone Group PLC (NASDAQ:VOD) Shares Bought by Atria Investments Inc

Key Points

• Atria Investments Inc increased its holdings in Vodafone Group PLC by 17.0%, acquiring an additional 142,983 shares during the first quarter, bringing its total to 985,269 shares valued at approximately $9.23 million.
• The stock has received mixed analyst ratings, with Berenberg Bank upgrading it to a "hold" rating, while JPMorgan Chase & Co. continues to rate it as "underweight."
• Vodafone Group recently announced a semi-annual dividend of $0.2355 per share, resulting in a yield of 6.6%, with an ex-dividend date set for June 6th.

Atria Investments Inc grew its stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 17.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 985,269 shares of the cell phone carrier's stock after acquiring an additional 142,983 shares during the period. Atria Investments Inc's holdings in Vodafone Group were worth $9,232,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. ACR Alpine Capital Research LLC grew its holdings in shares of Vodafone Group by 16.8% in the first quarter. ACR Alpine Capital Research LLC now owns 25,696,928 shares of the cell phone carrier's stock valued at $240,780,000 after purchasing an additional 3,690,617 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Vodafone Group by 18.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier's stock worth $123,940,000 after acquiring an additional 2,238,935 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Vodafone Group by 2.9% during the 4th quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier's stock worth $76,642,000 after acquiring an additional 255,623 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Vodafone Group by 18.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,998,450 shares of the cell phone carrier's stock worth $56,205,000 after acquiring an additional 944,189 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Vodafone Group by 1.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,499,770 shares of the cell phone carrier's stock worth $51,533,000 after acquiring an additional 69,986 shares in the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VOD. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Morgan Stanley initiated coverage on shares of Vodafone Group in a research report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. Finally, Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold".

Vodafone Group Price Performance

Shares of NASDAQ:VOD traded down $0.26 on Monday, reaching $11.18. 3,727,232 shares of the company were exchanged, compared to its average volume of 12,455,474. The firm has a market cap of $29.27 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 0.55 and a beta of 0.59. Vodafone Group PLC has a 1-year low of $8.00 and a 1-year high of $11.66. The company has a 50-day moving average of $10.53 and a 200-day moving average of $9.49. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

Vodafone Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 6th will be paid a $0.2355 dividend. The ex-dividend date is Friday, June 6th. This represents a yield of 6.6%. Vodafone Group's payout ratio is 41.23%.

Vodafone Group 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.