Inlight Wealth Management LLC Sells 55,992 Shares of Vodafone Group PLC (NASDAQ:VOD)

Inlight Wealth Management LLC reduced its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 491,074 shares of the cell phone carrier's stock after selling 55,992 shares during the quarter. Vodafone Group comprises 1.4% of Inlight Wealth Management LLC's investment portfolio, making the stock its 16th largest position. Inlight Wealth Management LLC's holdings in Vodafone Group were worth $4,601,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its position 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 position 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. TD Waterhouse Canada Inc. boosted its position 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. New Century Financial Group LLC boosted its position in shares of Vodafone Group by 12.5% during the first quarter. New Century Financial Group LLC now owns 16,486 shares of the cell phone carrier's stock valued at $154,000 after purchasing an additional 1,835 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Vodafone Group by 63.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock valued at $41,000 after purchasing an additional 1,899 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Trading Up 1.6%

Vodafone Group stock opened at $10.20 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The business's fifty day simple moving average is $9.77 and its two-hundred day simple moving average is $9.08. Vodafone Group PLC has a 12 month low of $8.00 and a 12 month high of $10.60. The company has a market capitalization of $25.29 billion, a price-to-earnings ratio of 8.95 and a beta of 0.58.

Vodafone Group Cuts Dividend

The business also recently announced 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. This represents a yield of 6.6%. The ex-dividend date is Friday, June 6th. Vodafone Group's dividend payout ratio (DPR) is 41.23%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DZ Bank upgraded Vodafone Group from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Wall Street Zen lowered Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Bank of America downgraded Vodafone Group from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.

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