Wealth Enhancement Advisory Services LLC Raises Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 97.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,677 shares of the cell phone carrier’s stock after buying an additional 37,282 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Vodafone Group Public were worth $643,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Brucke Financial Inc. purchased a new position in shares of Vodafone Group Public during the 4th quarter worth approximately $114,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Vodafone Group Public by 7.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 30,862 shares of the cell phone carrier’s stock worth $269,000 after buying an additional 2,076 shares in the last quarter. WNY Asset Management LLC raised its stake in shares of Vodafone Group Public by 0.7% during the 4th quarter. WNY Asset Management LLC now owns 350,112 shares of the cell phone carrier’s stock worth $2,972,000 after buying an additional 2,505 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of Vodafone Group Public by 34.8% in the 4th quarter. Forum Financial Management LP now owns 27,038 shares of the cell phone carrier’s stock worth $230,000 after acquiring an additional 6,987 shares during the period. Finally, Michels Family Financial LLC acquired a new stake in shares of Vodafone Group Public in the 4th quarter worth approximately $743,000. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. DZ Bank upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Wall Street Zen cut Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Tuesday, May 27th. Bank of America cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Vodafone Group Public in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Vodafone Group Public Price Performance

Shares of NASDAQ:VOD opened at $9.84 on Wednesday. The business’s fifty day moving average price is $9.52 and its two-hundred day moving average price is $9.02. The stock has a market cap of $24.49 billion, a PE ratio of 8.63, a price-to-earnings-growth 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. Vodafone Group Public Limited has a one year low of $8.00 and a one year high of $10.60.

Vodafone Group Public Cuts Dividend

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