Commonwealth Equity Services LLC increased its stake in Vodafone Group Plc (NASDAQ:VOD) by 11.3% in the 1st quarter, HoldingsChannel reports. The fund owned 245,023 shares of the cell phone carrier’s stock after buying an additional 24,906 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Vodafone Group were worth $4,454,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. OLD Second National Bank of Aurora grew its position in Vodafone Group by 277.2% in the first quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock worth $25,000 after acquiring an additional 984 shares in the last quarter. Cornerstone Advisors Inc. grew its position in Vodafone Group by 282.3% in the first quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock worth $25,000 after acquiring an additional 1,019 shares in the last quarter. Sontag Advisory LLC purchased a new position in Vodafone Group in the fourth quarter worth $26,000. Massey Quick Simon & CO. LLC grew its position in Vodafone Group by 881.1% in the first quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock worth $40,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Heritage Wealth Advisors purchased a new position in Vodafone Group in the first quarter worth $41,000. Institutional investors own 7.95% of the company’s stock.

NASDAQ VOD opened at $16.00 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Vodafone Group Plc has a 12-month low of $15.53 and a 12-month high of $25.47. The stock has a market cap of $42.91 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 2.08 and a beta of 0.82.

The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 7th will be given a dividend of $0.454 per share. The ex-dividend date of this dividend is Thursday, June 6th. Vodafone Group’s payout ratio is 151.67%.

Several research analysts recently issued reports on VOD shares. BidaskClub upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Zacks Investment Research upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Macquarie upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 20th. Exane BNP Paribas lowered shares of Vodafone Group from an “outperform” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, Argus cut their target price on shares of Vodafone Group to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.30.

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Vodafone Group Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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