Leo Wealth LLC Boosts Stock Holdings in Vodafone Group PLC (NASDAQ:VOD)

Leo Wealth LLC boosted its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 67.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 151,950 shares of the cell phone carrier's stock after acquiring an additional 61,272 shares during the quarter. Leo Wealth LLC's holdings in Vodafone Group were worth $1,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VOD. Allworth Financial LP lifted its holdings in Vodafone Group by 4.9% in the first quarter. Allworth Financial LP now owns 28,435 shares of the cell phone carrier's stock valued at $265,000 after buying an additional 1,332 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Vodafone Group by 11.2% in the 1st quarter. Valeo Financial Advisors LLC now owns 13,531 shares of the cell phone carrier's stock worth $127,000 after acquiring an additional 1,364 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Vodafone Group by 11.2% in the 4th quarter. Quadrant Capital Group LLC now owns 14,409 shares of the cell phone carrier's stock valued at $123,000 after purchasing an additional 1,454 shares during the period. Cahill Financial Advisors Inc. boosted its position in shares of Vodafone Group by 8.6% during the 4th quarter. Cahill Financial Advisors Inc. now owns 20,395 shares of the cell phone carrier's stock valued at $173,000 after purchasing an additional 1,611 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in Vodafone Group by 17.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 10,819 shares of the cell phone carrier's stock worth $92,000 after purchasing an additional 1,631 shares during the period. Institutional investors and hedge funds own 7.84% of the company's stock.

Analyst Upgrades and Downgrades

VOD has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Vodafone Group in a research note on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group in a research note on Wednesday, April 23rd. Bank of America cut shares of Vodafone Group from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. Finally, Wall Street Zen downgraded Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Vodafone Group has an average rating of "Hold".

Vodafone Group Stock Up 0.6%

Shares of Vodafone Group stock traded up $0.06 during trading hours on Monday, reaching $10.90. The company's stock had a trading volume of 6,315,453 shares, compared to its average volume of 12,862,699. The company has a market capitalization of $28.55 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.95 and a beta of 0.59. The stock'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 one year low of $8.00 and a one year high of $11.03. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

Vodafone Group Cuts Dividend

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

Vodafone Group Company 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.