Blair William & Co. IL Lowers Stock Position in Vodafone Group PLC (NASDAQ:VOD)

Blair William & Co. IL lessened its holdings in Vodafone Group PLC (NASDAQ:VOD) by 47.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 25,602 shares of the cell phone carrier’s stock after selling 23,162 shares during the period. Blair William & Co. IL’s holdings in Vodafone Group were worth $240,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Hazlett Burt & Watson Inc. raised its stake in shares of Vodafone Group by 65.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 1,250 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Vodafone Group during the 1st quarter worth approximately $31,000. NBC Securities Inc. raised its stake in shares of Vodafone Group by 116,833.3% during the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier’s stock worth $32,000 after acquiring an additional 3,505 shares in the last quarter. GeoWealth Management LLC raised its stake in shares of Vodafone Group by 258.0% during the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock worth $44,000 after acquiring an additional 3,733 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Vodafone Group during the 1st quarter worth approximately $60,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on VOD. The Goldman Sachs Group lowered 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. Morgan Stanley started coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They set an “equal weight” rating on the stock. Wall Street Zen lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 27th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Vodafone Group in a research note on Wednesday, April 23rd. Finally, Berenberg Bank upgraded shares of Vodafone Group to a “hold” rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $136.00.

Vodafone Group Stock Up 0.3%

VOD stock opened at $11.54 on Wednesday. The firm’s fifty day simple moving average is $10.73 and its 200-day simple moving average is $9.72. The company has a market capitalization of $28.00 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 0.55 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. Vodafone Group PLC has a 12 month low of $8.00 and a 12 month high of $11.66.

Vodafone Group Cuts Dividend

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

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.