Vodafone Group PLC (NASDAQ:VOD) Shares Sold by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. lowered its position in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 96.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,500 shares of the cell phone carrier's stock after selling 280,000 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in Vodafone Group were worth $89,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in shares of Vodafone Group in the 1st quarter valued at approximately $31,000. Checchi Capital Advisers LLC purchased a new position in shares of Vodafone Group in the first quarter valued at approximately $122,000. Waterfront Wealth Inc. boosted its stake in shares of Vodafone Group by 54.2% in the first quarter. Waterfront Wealth Inc. now owns 373,681 shares of the cell phone carrier's stock valued at $3,501,000 after purchasing an additional 131,291 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Vodafone Group in the first quarter valued at approximately $125,000. Finally, Perigon Wealth Management LLC boosted its stake in shares of Vodafone Group by 20.9% in the first quarter. Perigon Wealth Management LLC now owns 40,946 shares of the cell phone carrier's stock valued at $384,000 after purchasing an additional 7,079 shares during the period. Hedge funds and other institutional investors own 7.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. Morgan Stanley initiated coverage on shares of Vodafone Group in a research report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. Finally, Bank of America downgraded shares of Vodafone Group from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold".

Vodafone Group Price Performance

Shares of NASDAQ:VOD traded up $0.20 on Monday, reaching $10.98. 7,823,175 shares of the company were exchanged, compared to its average volume of 13,063,292. The firm has a market cap of $27.21 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 0.95 and a beta of 0.59. Vodafone Group PLC has a 1-year low of $8.00 and a 1-year high of $11.03. The company has a 50-day moving average of $10.04 and a 200-day moving average of $9.22. 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 Cuts Dividend

The firm also recently disclosed 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 yield of 6.6%. Vodafone Group's payout ratio is 41.23%.

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.