Summit Securities Group LLC Has $447,000 Holdings in Vodafone Group PLC $VOD

Key Points

• Summit Securities Group LLC significantly increased its stake in Vodafone Group PLC by 4,239.6%, acquiring a total of 47,736 shares worth approximately $447,000.
• Vodafone recently announced a semi-annual dividend of $0.2355 per share, representing a yield of 660.0%, with a payout ratio of 42.98%.
• Several analysts assigned new ratings on Vodafone's stock; JPMorgan Chase & Co. maintained an "underweight" rating, while Berenberg Bank upgraded it to "hold."

Summit Securities Group LLC lifted its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 4,239.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,736 shares of the cell phone carrier's stock after purchasing an additional 46,636 shares during the period. Summit Securities Group LLC's holdings in Vodafone Group were worth $447,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Vodafone Group by 39.7% in the fourth quarter. Geode Capital Management LLC now owns 611,461 shares of the cell phone carrier's stock valued at $5,191,000 after purchasing an additional 173,816 shares during the period. Barclays PLC increased its stake in shares of Vodafone Group by 57,500.0% in the fourth quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock valued at $254,000 after purchasing an additional 29,900 shares during the period. Mariner LLC increased its stake in shares of Vodafone Group by 5.3% in the fourth quarter. Mariner LLC now owns 900,477 shares of the cell phone carrier's stock valued at $7,645,000 after purchasing an additional 45,669 shares during the period. Guggenheim Capital LLC increased its stake in shares of Vodafone Group by 73.7% in the fourth quarter. Guggenheim Capital LLC now owns 136,957 shares of the cell phone carrier's stock valued at $1,163,000 after purchasing an additional 58,091 shares during the period. Finally, GeoWealth Management LLC increased its stake in shares of Vodafone Group by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock valued at $44,000 after purchasing an additional 3,733 shares during the period. Institutional investors own 7.84% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VOD. The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price target on the stock. in a research note on Thursday, July 31st. Wall Street Zen lowered shares of Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a research note on Thursday, June 26th. Zacks Research upgraded shares of Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th. Finally, Morgan Stanley began coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating on the stock. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $136.00.

Vodafone Group Trading Up 0.7%

Vodafone Group stock traded up $0.0850 during midday trading on Friday, reaching $11.9450. The stock had a trading volume of 3,146,451 shares, compared to its average volume of 11,661,260. The firm's fifty day simple moving average is $10.97 and its two-hundred day simple moving average is $9.87. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $11.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.57 and a beta of 0.62.

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.