Ritholtz Wealth Management Cuts Position in Vodafone Group Public Limited (NASDAQ:VOD)

Ritholtz Wealth Management lowered its stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 13.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 364,342 shares of the cell phone carrier's stock after selling 55,394 shares during the quarter. Ritholtz Wealth Management's holdings in Vodafone Group Public were worth $3,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Vodafone Group Public 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 purchasing an additional 29,900 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Vodafone Group Public in the 4th quarter worth approximately $970,000. Atria Investments Inc grew its position in shares of Vodafone Group Public by 8.7% during the 4th quarter. Atria Investments Inc now owns 842,286 shares of the cell phone carrier's stock valued at $7,151,000 after acquiring an additional 67,086 shares during the period. Waverly Advisors LLC purchased a new position in shares of Vodafone Group Public during the 4th quarter valued at about $216,000. Finally, Allworth Financial LP boosted its position in shares of Vodafone Group Public by 9.0% in the fourth quarter. Allworth Financial LP now owns 27,103 shares of the cell phone carrier's stock worth $227,000 after purchasing an additional 2,246 shares during the period. Institutional investors own 7.84% of the company's stock.

Vodafone Group Public Trading Up 2.6%

VOD stock traded up $0.26 during midday trading on Monday, reaching $10.24. 12,642,176 shares of the company traded hands, compared to its average volume of 8,722,137. The firm has a market capitalization of $25.38 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 0.66 and a beta of 0.58. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. The business has a 50 day moving average of $9.61 and a 200-day moving average of $9.04. Vodafone Group Public Limited has a 52-week low of $8.00 and a 52-week high of $10.60.

Vodafone Group Public Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 6th will be issued a $0.2355 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a dividend yield of 6.6%. Vodafone Group Public's dividend payout ratio (DPR) is presently 41.23%.

Analyst Upgrades and Downgrades

VOD has been the subject of several research analyst reports. Bank of America cut Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. DZ Bank raised shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Wall Street Zen lowered Vodafone Group Public from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold".

Vodafone Group Public 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.