Generali Investments CEE investicni spolecnost a.s. Lowers Position in Vodafone Group PLC (NASDAQ:VOD)

Generali Investments CEE investicni spolecnost a.s. trimmed its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 96.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in Vodafone Group by 57,500.0% in the fourth quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier's stock valued at $254,000 after buying an additional 29,900 shares during the period. Wellington Management Group LLP acquired a new stake in Vodafone Group during the fourth quarter worth approximately $970,000. Waverly Advisors LLC bought a new position in shares of Vodafone Group in the 4th quarter valued at $216,000. Sequoia Financial Advisors LLC bought a new position in shares of Vodafone Group in the 1st quarter valued at $125,000. Finally, Stifel Financial Corp boosted its holdings in shares of Vodafone Group by 8.8% during the 4th quarter. Stifel Financial Corp now owns 846,901 shares of the cell phone carrier's stock valued at $7,190,000 after acquiring an additional 68,833 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Price Performance

Shares of Vodafone Group stock traded up $0.02 during trading on Wednesday, hitting $10.89. The stock had a trading volume of 6,708,715 shares, compared to its average volume of 9,236,749. The firm has a market cap of $27.00 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.96 and a beta of 0.59. 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 12 month low of $8.00 and a 12 month high of $11.03. The business's 50-day moving average is $10.09 and its 200 day moving average is $9.25.

Vodafone Group Cuts Dividend

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

Wall Street Analyst Weigh In

VOD has been the topic of several recent research reports. Morgan Stanley initiated coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating on the stock. Bank of America downgraded Vodafone Group from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. Wall Street Zen downgraded Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. Berenberg Bank raised Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Vodafone Group has a consensus rating of "Hold".

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.