IFS Group LLC Buys Shares of 39,052 Vodafone Group PLC $VOD

IFS Group LLC purchased a new stake in shares of Vodafone Group PLC (NASDAQ:VOD) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,052 shares of the cell phone carrier’s stock, valued at approximately $587,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi bought a new position in shares of Vodafone Group during the 1st quarter worth approximately $8,060,000. EverSource Wealth Advisors LLC boosted its stake in Vodafone Group by 53.3% in the first quarter. EverSource Wealth Advisors LLC now owns 18,769 shares of the cell phone carrier’s stock valued at $282,000 after acquiring an additional 6,523 shares in the last quarter. Empowered Funds LLC grew its holdings in Vodafone Group by 2.9% in the first quarter. Empowered Funds LLC now owns 329,839 shares of the cell phone carrier’s stock worth $4,954,000 after purchasing an additional 9,294 shares during the last quarter. Copley Financial Group Inc. increased its position in shares of Vodafone Group by 28.8% during the first quarter. Copley Financial Group Inc. now owns 30,611 shares of the cell phone carrier’s stock worth $460,000 after purchasing an additional 6,844 shares in the last quarter. Finally, Compound Planning Inc. increased its position in shares of Vodafone Group by 6.9% during the first quarter. Compound Planning Inc. now owns 37,426 shares of the cell phone carrier’s stock worth $562,000 after purchasing an additional 2,406 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Zacks Research downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. New Street Research upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. DZ Bank lowered Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Finally, Barclays lowered shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $52.38.

Vodafone Group Stock Down 1.6%

Shares of NASDAQ VOD opened at $16.13 on Thursday. The company has a 50 day simple moving average of $14.66 and a two-hundred day simple moving average of $14.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. Vodafone Group PLC has a 12 month low of $10.66 and a 12 month high of $16.60.

Vodafone Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, June 5th will be issued a $0.2766 dividend. 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.