Creative Planning Boosts Stock Holdings in Vodafone Group PLC $VOD

Creative Planning grew its position in Vodafone Group PLC (NASDAQ:VOD) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,371 shares of the cell phone carrier’s stock after purchasing an additional 12,918 shares during the period. Creative Planning’s holdings in Vodafone Group were worth $2,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Vodafone Group during the 1st quarter worth approximately $1,117,000. Tevis Investment Management lifted its holdings in Vodafone Group by 23.0% during the second quarter. Tevis Investment Management now owns 180,148 shares of the cell phone carrier’s stock worth $1,966,000 after acquiring an additional 33,701 shares during the period. Modern Wealth Management LLC purchased a new position in Vodafone Group in the first quarter worth $285,000. Walleye Capital LLC grew its stake in Vodafone Group by 516.1% in the 1st quarter. Walleye Capital LLC now owns 182,003 shares of the cell phone carrier’s stock valued at $1,705,000 after purchasing an additional 152,462 shares during the period. Finally, Summit Securities Group LLC increased its position in shares of Vodafone Group by 4,239.6% during the 1st quarter. Summit Securities Group LLC now owns 47,736 shares of the cell phone carrier’s stock valued at $447,000 after purchasing an additional 46,636 shares during the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Stock Up 3.3%

Shares of VOD stock opened at $12.22 on Wednesday. Vodafone Group PLC has a 12 month low of $8.00 and a 12 month high of $12.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The firm’s 50 day moving average is $11.66 and its 200 day moving average is $11.16.

Vodafone Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, November 24th will be given a $0.2567 dividend. The ex-dividend date is Monday, November 24th. This represents a dividend yield of 434.0%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane started coverage on shares of Vodafone Group in a report on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 price target on the stock. BNP Paribas upgraded shares of Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. The Goldman Sachs Group lowered shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target for the company. in a research note on Thursday, July 31st. UBS Group reaffirmed a “sell” rating on shares of Vodafone Group in a report on Monday, November 3rd. Finally, Zacks Research lowered Vodafone Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, Vodafone Group presently has a consensus rating of “Strong Sell” and a consensus target price of $72.00.

Vodafone Group 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.