Envestnet Asset Management Inc. Acquires 69,986 Shares of Vodafone Group PLC (NASDAQ:VOD)

Envestnet Asset Management Inc. boosted its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,499,770 shares of the cell phone carrier's stock after purchasing an additional 69,986 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.23% of Vodafone Group worth $51,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in shares of Vodafone Group during the 1st quarter valued at approximately $31,000. NBC Securities Inc. boosted its position in shares of Vodafone Group by 116,833.3% during the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after acquiring an additional 3,505 shares during the last quarter. GeoWealth Management LLC boosted its position 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 acquiring an additional 3,733 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Vodafone Group during the 1st quarter valued at approximately $60,000. Finally, CoreCap Advisors LLC boosted its position in shares of Vodafone Group by 509.7% during the 4th quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock valued at $58,000 after acquiring an additional 5,709 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VOD. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Morgan Stanley began coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Bank of America lowered Vodafone Group from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. Wall Street Zen lowered Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Vodafone Group Stock Performance

VOD stock opened at $10.84 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The business's fifty day simple moving average is $10.16 and its two-hundred day simple moving average is $9.30. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $11.03. The firm has a market cap of $26.87 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.95 and a beta of 0.59.

Vodafone Group Cuts Dividend

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

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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