Fidelis Capital Partners LLC Sells 36,294 Shares of Vodafone Group PLC (NASDAQ:VOD)

Fidelis Capital Partners LLC lowered its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 72.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,591 shares of the cell phone carrier's stock after selling 36,294 shares during the quarter. Fidelis Capital Partners LLC's holdings in Vodafone Group were worth $127,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VOD. Wayfinding Financial LLC acquired a new position in Vodafone Group in the 1st quarter valued at approximately $31,000. NBC Securities Inc. increased its stake in Vodafone Group by 116,833.3% in the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after buying an additional 3,505 shares during the period. GeoWealth Management LLC increased its stake in Vodafone Group by 258.0% in the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock valued at $44,000 after buying an additional 3,733 shares during the period. CoreCap Advisors LLC increased its stake in Vodafone Group by 509.7% in the 4th quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock valued at $58,000 after buying an additional 5,709 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in Vodafone Group in the 1st quarter valued at approximately $60,000. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Stock Performance

Shares of NASDAQ VOD traded up $0.21 during trading hours on Wednesday, hitting $11.01. 9,293,804 shares of the stock were exchanged, compared to its average volume of 9,300,689. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The company's 50 day moving average is $10.21 and its 200 day moving average is $9.33. The firm has a market capitalization of $28.84 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.96 and a beta of 0.59. Vodafone Group PLC has a one year low of $8.00 and a one year high of $11.03.

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. This represents a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, June 6th. Vodafone Group's dividend payout ratio is currently 41.23%.

Analysts Set New Price Targets

Several analysts have commented on VOD shares. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. Bank of America downgraded shares of Vodafone Group from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. Morgan Stanley started coverage on shares of Vodafone Group in a research report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. One equities research 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's stock. According to data from MarketBeat, Vodafone Group currently has an average rating of "Hold".

About Vodafone Group

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.