Vodafone Group PLC (NASDAQ:VOD) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its position in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 115.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,569 shares of the cell phone carrier's stock after acquiring an additional 46,865 shares during the quarter. Cerity Partners LLC's holdings in Vodafone Group were worth $821,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VOD. American Century Companies Inc. grew its position in shares of Vodafone Group by 10.4% during the fourth quarter. American Century Companies Inc. now owns 1,314,707 shares of the cell phone carrier's stock worth $11,162,000 after purchasing an additional 123,551 shares in the last quarter. Sei Investments Co. grew its position in shares of Vodafone Group by 2.7% during the fourth quarter. Sei Investments Co. now owns 162,619 shares of the cell phone carrier's stock worth $1,381,000 after purchasing an additional 4,269 shares in the last quarter. Congress Wealth Management LLC DE grew its position in shares of Vodafone Group by 3.1% during the fourth quarter. Congress Wealth Management LLC DE now owns 152,824 shares of the cell phone carrier's stock worth $1,297,000 after purchasing an additional 4,530 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Vodafone Group by 115.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 28,668 shares of the cell phone carrier's stock worth $243,000 after purchasing an additional 15,332 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Vodafone Group by 84.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 10,598 shares of the cell phone carrier's stock worth $87,000 after purchasing an additional 4,846 shares in the last quarter. Institutional investors own 7.84% of the company's stock.

Vodafone Group Stock Performance

Vodafone Group stock traded down $0.09 during trading hours on Friday, hitting $11.43. 6,520,440 shares of the stock traded hands, compared to its average volume of 12,518,236. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $11.66. 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 stock has a market capitalization of $29.94 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 0.55 and a beta of 0.59. The firm's 50 day moving average price is $10.49 and its 200-day moving average price is $9.45.

Vodafone Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 6th will be paid 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's payout ratio is 41.23%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Wall Street Zen cut Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Finally, Morgan Stanley started coverage on Vodafone Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. One 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. Based on data from MarketBeat.com, Vodafone Group currently has a consensus rating of "Hold".

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.