Clean Yield Group Cuts Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Clean Yield Group reduced its stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 352,007 shares of the cell phone carrier's stock after selling 36,489 shares during the period. Clean Yield Group's holdings in Vodafone Group Public were worth $3,298,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. grew its stake in shares of Vodafone Group Public by 116,833.3% in the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock worth $32,000 after acquiring an additional 3,505 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Vodafone Group Public by 63.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock worth $41,000 after acquiring an additional 1,899 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of Vodafone Group Public by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock worth $44,000 after acquiring an additional 3,733 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Vodafone Group Public by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock worth $58,000 after acquiring an additional 5,709 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Vodafone Group Public by 912.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier's stock worth $61,000 after acquiring an additional 6,500 shares during the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Public Stock Down 2.6%

VOD stock opened at $9.94 on Friday. Vodafone Group Public Limited has a fifty-two week low of $8.00 and a fifty-two week high of $10.60. The business's 50-day moving average is $9.49 and its two-hundred day moving average is $9.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 0.66 and a beta of 0.58.

Vodafone Group Public Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 6th will be issued a $0.2355 dividend. This represents a yield of 6.6%. The ex-dividend date of this dividend is Friday, June 6th. Vodafone Group Public's dividend payout ratio is 41.23%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VOD. Bank of America cut Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. DZ Bank raised Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Finally, Wall Street Zen cut Vodafone Group Public from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".

About Vodafone Group Public

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.

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