SG Americas Securities LLC Sells 45,824 Shares of Vodafone Group PLC (NASDAQ:VOD)

SG Americas Securities LLC trimmed its stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 48.8% during the first 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.

A number of other institutional investors have also made changes to their positions in the stock. ACR Alpine Capital Research LLC raised its stake in shares of Vodafone Group by 0.4% in the 4th quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier's stock valued at $186,834,000 after acquiring an additional 97,636 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Vodafone Group by 18.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier's stock valued at $123,940,000 after buying an additional 2,238,935 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Vodafone Group by 2.9% in the 4th quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier's stock valued at $76,642,000 after buying an additional 255,623 shares during the last quarter. Bank of Montreal Can grew its holdings in Vodafone Group by 28.2% in the 4th quarter. Bank of Montreal Can now owns 5,483,837 shares of the cell phone carrier's stock valued at $46,558,000 after buying an additional 1,206,256 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Vodafone Group by 12.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 5,429,784 shares of the cell phone carrier's stock valued at $46,099,000 after buying an additional 601,151 shares during the last quarter. 7.84% of the stock is owned by institutional investors.

Vodafone Group Trading Up 0.1%

VOD stock opened at $10.21 on Tuesday. The business has a fifty day moving average of $9.80 and a 200-day moving average of $9.09. The company has a market cap of $25.31 billion, a P/E ratio of 8.96 and a beta of 0.58. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $10.60.

Vodafone Group Cuts Dividend

The business 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 $0.2355 dividend. The ex-dividend date is Friday, June 6th. This represents a yield of 6.6%. Vodafone Group's dividend payout ratio is presently 41.23%.

Analyst Upgrades and Downgrades

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

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