FNY Investment Advisers LLC Trims Stock Position in Vodafone Group PLC (NASDAQ:VOD)

FNY Investment Advisers LLC lowered its position in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 76.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the cell phone carrier's stock after selling 48,000 shares during the quarter. FNY Investment Advisers LLC's holdings in Vodafone Group were worth $140,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in shares of Vodafone Group by 116,833.3% during the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock worth $32,000 after purchasing an additional 3,505 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Vodafone Group by 63.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock worth $41,000 after buying an additional 1,899 shares during the last quarter. GeoWealth Management LLC boosted its position in shares of Vodafone Group by 258.0% during the 4th 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 in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Vodafone Group in the 1st quarter valued at about $60,000. Finally, CoreCap Advisors LLC raised its position in shares of Vodafone Group by 509.7% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Stock Performance

NASDAQ VOD traded up $0.16 on Friday, reaching $10.20. The stock had a trading volume of 40,461,390 shares, compared to its average volume of 8,913,953. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The stock has a market cap of $25.29 billion, a P/E ratio of 8.95 and a beta of 0.58. The business's 50-day moving average price is $9.74 and its 200 day moving average price is $9.07. Vodafone Group PLC has a 12-month low of $8.00 and a 12-month high of $10.60.

Vodafone Group Cuts Dividend

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

Analysts Set New Price Targets

VOD has been the subject of a number of research analyst reports. DZ Bank raised Vodafone Group from a "hold" rating to a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Bank of America downgraded shares of Vodafone Group from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. Finally, Wall Street Zen cut shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Vodafone Group has a consensus rating of "Hold".

Vodafone Group 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.