Waverly Advisors LLC Purchases New Shares in Vodafone Group Public Limited (NASDAQ:VOD)

Waverly Advisors LLC purchased a new position in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,388 shares of the cell phone carrier's stock, valued at approximately $216,000.

A number of other hedge funds also recently modified their holdings of VOD. Smartleaf Asset Management LLC grew its position in Vodafone Group Public by 63.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock valued at $41,000 after acquiring an additional 1,899 shares during the last quarter. GeoWealth Management LLC grew its position in Vodafone Group Public 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 acquiring an additional 3,733 shares during the last quarter. CoreCap Advisors LLC grew its position in Vodafone Group Public by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock valued at $58,000 after acquiring an additional 5,709 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Vodafone Group Public by 912.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier's stock valued at $61,000 after acquiring an additional 6,500 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Vodafone Group Public 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 during the last quarter. Institutional investors own 7.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group Public in a research note on Wednesday, April 23rd. Bank of America downgraded Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday, March 24th. DZ Bank upgraded Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Wall Street Zen cut Vodafone Group Public from a "buy" rating to a "hold" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vodafone Group Public has a consensus rating of "Hold".

Vodafone Group Public Stock Down 1.0%

NASDAQ VOD traded down $0.11 on Wednesday, reaching $10.39. The company had a trading volume of 20,485,661 shares, compared to its average volume of 8,279,920. The stock has a market capitalization of $25.86 billion, a P/E ratio of 9.11, a P/E/G ratio of 0.66 and a beta of 0.61. The company's fifty day moving average is $9.35 and its 200 day moving average is $8.93. Vodafone Group Public Limited has a 52-week low of $8.00 and a 52-week high of $10.60. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

Vodafone Group Public Cuts Dividend

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

Vodafone Group Public 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.