Clifford Swan Investment Counsel LLC lowered its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 27.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,369 shares of the cell phone carrier's stock after selling 37,537 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Vodafone Group were worth $940,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Hazlett Burt & Watson Inc. raised its holdings in shares of Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after acquiring an additional 1,250 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Vodafone Group by 4.9% during the first quarter. Allworth Financial LP now owns 28,435 shares of the cell phone carrier's stock worth $265,000 after acquiring an additional 1,332 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Vodafone Group by 11.2% during the first quarter. Valeo Financial Advisors LLC now owns 13,531 shares of the cell phone carrier's stock worth $127,000 after acquiring an additional 1,364 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Vodafone Group by 11.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,409 shares of the cell phone carrier's stock worth $123,000 after acquiring an additional 1,454 shares in the last quarter. Finally, Cahill Financial Advisors Inc. raised its holdings in shares of Vodafone Group by 8.6% during the fourth quarter. Cahill Financial Advisors Inc. now owns 20,395 shares of the cell phone carrier's stock worth $173,000 after acquiring an additional 1,611 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on VOD shares. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. Morgan Stanley started coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Finally, Wall Street Zen lowered Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. One 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, Vodafone Group has a consensus rating of "Hold".
View Our Latest Research Report on VOD
Vodafone Group Stock Performance
Shares of NASDAQ:VOD traded down $0.18 during midday trading on Friday, hitting $11.35. The company's stock had a trading volume of 4,251,663 shares, compared to its average volume of 12,500,434. The stock has a market capitalization of $29.72 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.55 and a beta of 0.59. The stock's 50 day simple moving average is $10.49 and its 200 day simple moving average is $9.45. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $11.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.
Vodafone Group Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 6th will be given a $0.2355 dividend. This represents a dividend yield of 6.6%. The ex-dividend date is Friday, June 6th. Vodafone Group's dividend payout ratio is currently 41.23%.
Vodafone Group Company Profile
(
Free Report)
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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