RiverFront Investment Group LLC Makes New $113,000 Investment in Vodafone Group PLC $VOD

RiverFront Investment Group LLC purchased a new stake in shares of Vodafone Group PLC (NASDAQ:VOD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,556 shares of the cell phone carrier’s stock, valued at approximately $113,000.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Vodafone Group during the 1st quarter worth about $1,117,000. Tevis Investment Management raised its position in shares of 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 last quarter. Modern Wealth Management LLC acquired a new position in shares of Vodafone Group in the first quarter worth approximately $285,000. Walleye Capital LLC boosted its holdings in Vodafone Group by 516.1% in the first quarter. Walleye Capital LLC now owns 182,003 shares of the cell phone carrier’s stock valued at $1,705,000 after acquiring an additional 152,462 shares during the last quarter. Finally, Summit Securities Group LLC increased its position in 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 period. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Up 2.1%

VOD opened at $12.48 on Thursday. The company has a fifty day moving average price of $11.68 and a two-hundred day moving average price of $11.17. Vodafone Group PLC has a 1-year low of $8.00 and a 1-year high of $12.72. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85.

Vodafone Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Zacks Research lowered shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. The Goldman Sachs Group lowered shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 target price on the stock. in a report on Thursday, July 31st. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a report on Monday, November 3rd. Wall Street Zen downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, BNP Paribas Exane assumed coverage on Vodafone Group in a research note on Tuesday, October 21st. They set an “underperform” rating and a $8.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and a consensus price target of $72.00.

Vodafone Group 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.