Vodafone Group PLC (NASDAQ:VOD) Shares Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 10.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 39,912 shares of the cell phone carrier’s stock after acquiring an additional 3,721 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Vodafone Group were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VOD. D. E. Shaw & Co. Inc. raised its stake in shares of Vodafone Group by 341.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier’s stock worth $35,202,000 after buying an additional 3,206,506 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Vodafone Group in the 4th quarter worth $21,969,000. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Vodafone Group by 18.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock worth $123,940,000 after buying an additional 2,238,935 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Vodafone Group by 272.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,253,059 shares of the cell phone carrier’s stock worth $21,111,000 after buying an additional 1,648,879 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Vodafone Group in the 4th quarter worth $10,583,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

VOD has been the topic of a number of research reports. Wall Street Zen downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Bank of America lowered Vodafone Group from a “buy” rating to a “neutral” rating in a research report on Monday, March 24th. Morgan Stanley began coverage on Vodafone Group in a research report on Wednesday, July 2nd. They set an “equal weight” rating on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Finally, Berenberg Bank raised Vodafone Group to a “hold” rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Vodafone Group Stock Down 0.6%

Shares of Vodafone Group stock opened at $10.84 on Monday. The firm has a market capitalization of $28.40 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.95 and a beta of 0.59. Vodafone Group PLC has a 12-month low of $8.00 and a 12-month high of $11.03. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average is $10.16 and its 200-day moving average is $9.30.

Vodafone Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 6th will be given 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’s payout ratio is 41.23%.

About Vodafone Group

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.