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

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

Several other institutional investors have also added to or reduced their stakes in the business. NBC Securities Inc. boosted its position in shares of Vodafone Group by 116,833.3% in the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after acquiring an additional 3,505 shares during the period. Smartleaf Asset Management LLC grew its position in shares of 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 valued at $41,000 after purchasing an additional 1,899 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Vodafone Group by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock worth $44,000 after purchasing an additional 3,733 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Vodafone Group in the first quarter worth $60,000. Finally, CoreCap Advisors LLC boosted its stake in Vodafone Group by 509.7% during the fourth 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. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on VOD shares. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. DZ Bank upgraded Vodafone Group from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Bank of America downgraded 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 analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vodafone Group has a consensus rating of "Hold".

Vodafone Group Stock Down 0.7%

Shares of VOD traded down $0.07 on Wednesday, reaching $10.37. The stock had a trading volume of 11,496,392 shares, compared to its average volume of 9,028,520. 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 PLC has a 12-month low of $8.00 and a 12-month high of $10.60. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 9.10 and a beta of 0.58. The company has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $9.10.

Vodafone Group Cuts Dividend

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

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.