Fidelis Capital Partners LLC reduced its stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 72.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,591 shares of the cell phone carrier's stock after selling 36,294 shares during the period. Fidelis Capital Partners LLC's holdings in Vodafone Group were worth $127,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP grew its stake in Vodafone Group by 4.9% in the 1st 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 boosted its stake 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 valued at $127,000 after purchasing an additional 1,364 shares in the last quarter. Quadrant Capital Group LLC boosted its stake 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 valued at $123,000 after purchasing an additional 1,454 shares in the last quarter. Cahill Financial Advisors Inc. boosted its stake 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 valued at $173,000 after purchasing an additional 1,611 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Vodafone Group by 17.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 10,819 shares of the cell phone carrier's stock valued at $92,000 after purchasing an additional 1,631 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on VOD shares. Morgan Stanley started coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating on the stock. 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 shares of Vodafone Group to a "hold" rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a research note on Wednesday, April 23rd. Finally, Bank of America downgraded shares of Vodafone Group from a "buy" rating to a "neutral" rating in a research note on Monday, March 24th. One investment 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, the stock presently has an average rating of "Hold".
View Our Latest Stock Report on Vodafone Group
Vodafone Group Stock Up 0.7%
VOD traded up $0.08 during trading on Monday, hitting $10.92. The stock had a trading volume of 2,148,969 shares, compared to its average volume of 9,269,238. The stock has a 50 day simple moving average of $10.16 and a two-hundred day simple moving average of $9.30. The company has a market capitalization of $28.59 billion, a PE ratio of 9.57, a PEG ratio of 0.95 and a beta of 0.59. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $11.03. 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 business also recently declared 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. 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 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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