Deutsche Bank AG Buys 1,594,656 Shares of Vodafone Group PLC $VOD

Key Points

• Deutsche Bank AG significantly increased its stake in Vodafone Group PLC by over 63,000%, now owning approximately 1.6 million shares valued at $14.97 million.
• Vodafone Group's stock price recently increased by 0.3%, reaching $11.67, with an annual range between $8.00 and $11.69.
• The company's dividend yield is 660.0%, with a recent payout ratio of 42.98% after declaring a semi-annual dividend of $0.2355 per share.

Deutsche Bank AG grew its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 63,786.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,597,156 shares of the cell phone carrier's stock after purchasing an additional 1,594,656 shares during the quarter. Deutsche Bank AG owned about 0.07% of Vodafone Group worth $14,965,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Vodafone Group by 39.7% during the fourth quarter. Geode Capital Management LLC now owns 611,461 shares of the cell phone carrier's stock valued at $5,191,000 after purchasing an additional 173,816 shares during the last quarter. Barclays PLC lifted its holdings in shares of Vodafone Group by 57,500.0% in the 4th quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock worth $254,000 after acquiring an additional 29,900 shares during the last quarter. Mariner LLC increased its stake in shares of Vodafone Group by 5.3% in the fourth quarter. Mariner LLC now owns 900,477 shares of the cell phone carrier's stock worth $7,645,000 after buying an additional 45,669 shares during the period. Guggenheim Capital LLC increased its stake in shares of Vodafone Group by 73.7% in the fourth quarter. Guggenheim Capital LLC now owns 136,957 shares of the cell phone carrier's stock worth $1,163,000 after buying an additional 58,091 shares during the period. Finally, Bridgewater Associates LP increased its stake in shares of Vodafone Group by 224.9% in the fourth quarter. Bridgewater Associates LP now owns 683,046 shares of the cell phone carrier's stock worth $5,799,000 after buying an additional 472,836 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Stock Up 0.3%

Vodafone Group stock traded up $0.0350 during mid-day trading on Tuesday, reaching $11.7350. The stock had a trading volume of 1,240,461 shares, compared to its average volume of 11,782,957. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.56 and a beta of 0.62. The company has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $9.81. Vodafone Group PLC has a one year low of $8.00 and a one year high of $11.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23.

Wall Street Analyst Weigh In

Several research analysts recently commented on VOD shares. Zacks Research raised shares of Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th. The Goldman Sachs Group downgraded shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price on the stock. in a research note on Thursday, July 31st. Morgan Stanley started coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $136.00.

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.