Vodafone Group PLC (NASDAQ:VOD) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC increased its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 127.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 577,602 shares of the cell phone carrier's stock after purchasing an additional 324,135 shares during the quarter. Proficio Capital Partners LLC's holdings in Vodafone Group were worth $5,412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. raised its position in Vodafone Group by 65.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after acquiring an additional 1,250 shares during the period. Wayfinding Financial LLC bought a new stake in Vodafone Group in the first quarter worth about $31,000. NBC Securities Inc. raised its position 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 worth $32,000 after acquiring an additional 3,505 shares during the period. GeoWealth Management LLC raised its position in Vodafone Group by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock worth $44,000 after acquiring an additional 3,733 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in Vodafone Group in the first quarter worth about $60,000. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Trading Up 1.7%

NASDAQ VOD traded up $0.19 during trading on Tuesday, hitting $11.32. The company had a trading volume of 8,396,543 shares, compared to its average volume of 9,360,840. 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 PLC has a one year low of $8.00 and a one year high of $11.33. The company has a market cap of $29.65 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.54 and a beta of 0.59. The company's fifty day moving average is $10.31 and its 200-day moving average is $9.39.

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 paid a $0.2355 dividend. The ex-dividend date is Friday, June 6th. This represents a dividend yield of 6.6%. Vodafone Group's payout ratio is 41.23%.

Wall Street Analyst Weigh In

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

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.