Deutsche Bank AG Boosts Stake in Vodafone Group PLC (NASDAQ:VOD)

Deutsche Bank AG increased its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 63,786.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,597,156 shares of the cell phone carrier's stock after buying an additional 1,594,656 shares during the quarter. Deutsche Bank AG owned about 0.07% of Vodafone Group worth $14,965,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. boosted its holdings in shares of Vodafone Group by 65.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock valued at $30,000 after acquiring an additional 1,250 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Vodafone Group during the first quarter valued at $31,000. NBC Securities Inc. boosted its holdings in Vodafone Group by 116,833.3% in the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after purchasing an additional 3,505 shares during the last quarter. GeoWealth Management LLC raised its stake in shares of Vodafone Group by 258.0% during the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock valued at $44,000 after buying an additional 3,733 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of Vodafone Group by 509.7% in the 4th quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock valued at $58,000 after buying an additional 5,709 shares during the period. 7.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VOD has been the topic of several analyst reports. Berenberg Bank raised Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Wall Street Zen lowered shares of Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. The Goldman Sachs Group cut shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective for the company. in a report on Thursday, July 31st. Finally, Morgan Stanley assumed coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $136.00.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $11.64 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The stock has a market capitalization of $28.24 billion, a PE ratio of 10.21, a P/E/G ratio of 0.56 and a beta of 0.62. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $11.68. The company has a fifty day moving average of $10.79 and a two-hundred day moving average of $9.75.

Vodafone Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, August 1st. Investors of record on Friday, June 6th were issued a $0.2355 dividend. This represents a yield of 660.0%. The ex-dividend date was Friday, June 6th. Vodafone Group's payout ratio is presently 42.98%.

About Vodafone Group

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.

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