Capital Wealth Planning LLC Increases Stock Holdings in Vodafone Group PLC $VOD

Capital Wealth Planning LLC grew its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 87.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,028,112 shares of the cell phone carrier’s stock after buying an additional 478,977 shares during the period. Capital Wealth Planning LLC’s holdings in Vodafone Group were worth $13,715,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VOD. Assetmark Inc. lifted its position in shares of Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after buying an additional 1,389 shares in the last quarter. American Capital Advisory LLC lifted its position in shares of Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after buying an additional 696 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Vodafone Group by 38.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after buying an additional 946 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Vodafone Group by 207.6% during the 4th quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock valued at $43,000 after buying an additional 2,215 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Vodafone Group by 28.3% during the 4th quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock valued at $47,000 after buying an additional 778 shares in the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VOD. DZ Bank cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Zacks Research cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective on the stock. in a research report on Tuesday, May 26th. Weiss Ratings cut Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen raised Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Vodafone Group has an average rating of “Reduce” and an average target price of $52.38.

Vodafone Group Stock Performance

Shares of VOD opened at $15.05 on Thursday. The business’s 50 day moving average is $15.32 and its 200 day moving average is $14.45. Vodafone Group PLC has a 12-month low of $9.80 and a 12-month high of $16.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11.

Vodafone Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, June 5th will be paid a dividend of $0.2766 per share. This represents a yield of 376.0%. The ex-dividend date of this dividend is Friday, June 5th.

Vodafone Group Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.