Capital Wealth Planning LLC Buys 478,977 Shares of Vodafone Group PLC $VOD

Capital Wealth Planning LLC grew its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 87.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028,112 shares of the cell phone carrier’s stock after acquiring an additional 478,977 shares during the quarter. Capital Wealth Planning LLC’s holdings in Vodafone Group were worth $13,715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Capital Advisory LLC increased its holdings in shares of Vodafone Group by 40.8% during the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after acquiring an additional 696 shares in the last quarter. RNC Capital Management LLC boosted its position in shares of Vodafone Group by 1.3% during the fourth quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock valued at $711,000 after buying an additional 713 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Vodafone Group by 4.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock valued at $233,000 after buying an additional 713 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Vodafone Group by 28.3% during the fourth 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 during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Vodafone Group by 38.0% during the third 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 during the last quarter. 7.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VOD has been the topic of several recent analyst reports. 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. Wall Street Zen raised Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. 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. Finally, Weiss Ratings cut Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $52.38.

Vodafone Group Price Performance

Shares of NASDAQ:VOD opened at $15.05 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The stock’s 50-day simple moving average is $15.32 and its two-hundred day simple moving average is $14.45. Vodafone Group PLC has a 52-week low of $9.80 and a 52-week high of $16.60.

Vodafone Group Announces Dividend

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

About Vodafone Group

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.