SG Americas Securities LLC lessened its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 48.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,109 shares of the cell phone carrier's stock after selling 45,824 shares during the period. SG Americas Securities LLC's holdings in Vodafone Group were worth $451,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in VOD. Accurate Wealth Management LLC boosted its position in shares of Vodafone Group by 14.5% in the 1st quarter. Accurate Wealth Management LLC now owns 87,613 shares of the cell phone carrier's stock valued at $765,000 after purchasing an additional 11,128 shares during the period. Range Financial Group LLC boosted its holdings in shares of Vodafone Group by 21.3% in the first quarter. Range Financial Group LLC now owns 26,368 shares of the cell phone carrier's stock valued at $247,000 after acquiring an additional 4,622 shares during the period. First Affirmative Financial Network grew its position in shares of Vodafone Group by 8.8% during the first quarter. First Affirmative Financial Network now owns 29,097 shares of the cell phone carrier's stock worth $273,000 after acquiring an additional 2,355 shares during the last quarter. HF Advisory Group LLC increased its holdings in shares of Vodafone Group by 22.6% in the 1st quarter. HF Advisory Group LLC now owns 193,097 shares of the cell phone carrier's stock valued at $1,809,000 after acquiring an additional 35,585 shares during the period. Finally, NBC Securities Inc. raised its position 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 purchasing an additional 3,505 shares during the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have commented on VOD shares. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a research note on Wednesday, April 23rd. Bank of America lowered Vodafone Group from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. Wall Street Zen cut Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a research note on Thursday. Finally, DZ Bank upgraded Vodafone Group from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold".
View Our Latest Stock Analysis on Vodafone Group
Vodafone Group Stock Performance
NASDAQ:VOD traded down $0.11 during mid-day trading on Friday, reaching $10.55. The stock had a trading volume of 10,675,476 shares, compared to its average volume of 9,074,847. 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 business has a 50 day simple moving average of $9.88 and a 200 day simple moving average of $9.12. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $10.70. The firm has a market capitalization of $26.15 billion, a price-to-earnings ratio of 9.25 and a beta of 0.58.
Vodafone Group Cuts Dividend
The firm 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. 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 (DPR) is presently 41.23%.
Vodafone Group 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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