Clifford Swan Investment Counsel LLC Sells 37,537 Shares of Vodafone Group PLC (NASDAQ:VOD)

Clifford Swan Investment Counsel LLC lessened its stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 27.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. grew its stake in shares of Vodafone Group by 65.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after purchasing an additional 1,250 shares during the period. Gallacher Capital Management LLC raised its position in shares of Vodafone Group by 36.8% in the first quarter. Gallacher Capital Management LLC now owns 45,148 shares of the cell phone carrier's stock valued at $423,000 after buying an additional 12,151 shares during the last quarter. WNY Asset Management LLC raised its holdings in Vodafone Group by 0.6% in the 1st quarter. WNY Asset Management LLC now owns 352,365 shares of the cell phone carrier's stock valued at $3,302,000 after acquiring an additional 2,253 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Vodafone Group by 10.7% during the 1st quarter. Private Advisor Group LLC now owns 77,519 shares of the cell phone carrier's stock valued at $726,000 after acquiring an additional 7,496 shares during the last quarter. Finally, Bailard Inc. boosted its holdings in Vodafone Group by 71.1% in the 1st quarter. Bailard Inc. now owns 67,966 shares of the cell phone carrier's stock valued at $637,000 after purchasing an additional 28,254 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VOD. Bank of America cut Vodafone Group from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. Morgan Stanley assumed coverage on Vodafone Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating for the company. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Vodafone Group currently has an average rating of "Hold".

Vodafone Group Trading Up 1.7%

Shares of VOD stock traded up $0.19 during trading hours on Tuesday, reaching $11.32. 8,396,543 shares of the stock traded hands, compared to its average volume of 9,360,840. The business has a fifty day moving average price of $10.31 and a 200 day moving average price of $9.39. Vodafone Group PLC has a 1-year low of $8.00 and a 1-year high of $11.34. 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 firm has a market capitalization of $29.65 billion, a PE ratio of 9.93, a PEG ratio of 0.54 and a beta of 0.59.

Vodafone Group Cuts Dividend

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

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.