Headlands Technologies LLC Has $221,000 Holdings in Vodafone Group PLC (NASDAQ:VOD)

Headlands Technologies LLC decreased its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 75.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,541 shares of the cell phone carrier's stock after selling 73,767 shares during the period. Headlands Technologies LLC's holdings in Vodafone Group were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Deutsche Bank AG grew its holdings in shares of Vodafone Group by 63,786.2% in the 1st quarter. Deutsche Bank AG now owns 1,597,156 shares of the cell phone carrier's stock valued at $14,965,000 after buying an additional 1,594,656 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Vodafone Group by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 153,616 shares of the cell phone carrier's stock valued at $1,439,000 after buying an additional 6,992 shares during the period. Bank of Nova Scotia grew its holdings in shares of Vodafone Group by 11.3% in the 1st quarter. Bank of Nova Scotia now owns 202,777 shares of the cell phone carrier's stock valued at $1,900,000 after buying an additional 20,630 shares during the period. Natixis Advisors LLC grew its holdings in shares of Vodafone Group by 11.3% in the 1st quarter. Natixis Advisors LLC now owns 86,886 shares of the cell phone carrier's stock valued at $814,000 after buying an additional 8,844 shares during the period. Finally, Brucke Financial Inc. grew its holdings in shares of Vodafone Group by 9.8% in the 1st quarter. Brucke Financial Inc. now owns 14,700 shares of the cell phone carrier's stock valued at $143,000 after buying an additional 1,308 shares during the period. Institutional investors own 7.84% of the company's stock.

Vodafone Group Stock Performance

Shares of VOD stock traded up $0.03 on Tuesday, reaching $11.54. The stock had a trading volume of 5,085,475 shares, compared to its average volume of 7,177,627. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The firm's 50-day moving average is $10.73 and its two-hundred day moving average is $9.72. The firm has a market capitalization of $28.00 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 0.55 and a beta of 0.62. Vodafone Group PLC has a 12 month low of $8.00 and a 12 month high of $11.66.

Vodafone Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, June 6th were issued a $0.2355 dividend. This represents a yield of 660.0%. The ex-dividend date of this dividend was Friday, June 6th. Vodafone Group's dividend payout ratio is currently 42.98%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VOD. Morgan Stanley began coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They issued an "equal weight" rating for the company. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Vodafone Group in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. The Goldman Sachs Group downgraded shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective for the company. in a research note on Thursday, July 31st. Finally, Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Vodafone Group presently has a consensus rating of "Hold" and a consensus price target of $136.00.

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.