Two Sigma Investments LP Sells 59,582 Shares of Vodafone Group PLC (NASDAQ:VOD)

Two Sigma Investments LP cut its position in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 83.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,718 shares of the cell phone carrier's stock after selling 59,582 shares during the quarter. Two Sigma Investments LP's holdings in Vodafone Group were worth $99,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VOD. Quadrant Capital Group LLC raised its position in shares of Vodafone Group by 11.2% in the fourth quarter. Quadrant Capital Group LLC now owns 14,409 shares of the cell phone carrier's stock valued at $123,000 after buying an additional 1,454 shares in the last quarter. Cahill Financial Advisors Inc. lifted its position in shares of Vodafone Group by 8.6% during the 4th quarter. Cahill Financial Advisors Inc. now owns 20,395 shares of the cell phone carrier's stock valued at $173,000 after acquiring an additional 1,611 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Vodafone Group by 17.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 10,819 shares of the cell phone carrier's stock worth $92,000 after purchasing an additional 1,631 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Vodafone Group by 63.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock worth $41,000 after purchasing an additional 1,899 shares during the period. Finally, Fidelis Capital Partners LLC raised its stake in Vodafone Group by 4.2% in the fourth quarter. Fidelis Capital Partners LLC now owns 49,885 shares of the cell phone carrier's stock valued at $424,000 after purchasing an additional 2,033 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Vodafone Group Price Performance

NASDAQ VOD traded down $0.20 during trading on Tuesday, hitting $10.04. 14,806,874 shares of the company's stock were exchanged, compared to its average volume of 8,763,807. The company has a market cap of $24.89 billion, a PE ratio of 8.81 and a beta of 0.58. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $10.60. The stock's 50 day moving average price is $9.68 and its two-hundred day moving average price is $9.06.

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

Vodafone Group Company 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.