Vodafone Group PLC (NASDAQ:VOD) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 55.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 35,568 shares of the cell phone carrier’s stock after selling 43,999 shares during the period. US Bancorp DE’s holdings in Vodafone Group were worth $333,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Natixis Advisors LLC boosted its holdings in shares of Vodafone Group by 11.3% during the first quarter. Natixis Advisors LLC now owns 86,886 shares of the cell phone carrier’s stock worth $814,000 after purchasing an additional 8,844 shares during the last quarter. Brucke Financial Inc. boosted its holdings in shares of Vodafone Group by 9.8% during the first quarter. Brucke Financial Inc. now owns 14,700 shares of the cell phone carrier’s stock worth $143,000 after purchasing an additional 1,308 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Vodafone Group by 30.9% during the first quarter. Cetera Investment Advisers now owns 671,895 shares of the cell phone carrier’s stock worth $6,296,000 after purchasing an additional 158,522 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Vodafone Group by 17.0% during the first quarter. Atria Investments Inc now owns 985,269 shares of the cell phone carrier’s stock worth $9,232,000 after purchasing an additional 142,983 shares during the last quarter. Finally, ACR Alpine Capital Research LLC boosted its holdings in shares of Vodafone Group by 16.8% during the first quarter. ACR Alpine Capital Research LLC now owns 25,696,928 shares of the cell phone carrier’s stock worth $240,780,000 after purchasing an additional 3,690,617 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Price Performance

Shares of Vodafone Group stock opened at $11.65 on Thursday. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $11.68. The stock has a market capitalization of $28.27 billion, a P/E ratio of 10.22, a PEG ratio of 0.55 and a beta of 0.62. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average price is $10.76 and its 200 day moving average price is $9.73.

Vodafone Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VOD shares. JPMorgan Chase & Co. restated an “underweight” rating on shares of Vodafone Group in a report on Wednesday, April 23rd. Morgan Stanley started coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an “equal weight” rating on the stock. Berenberg Bank upgraded Vodafone Group to a “hold” rating in a report on Thursday, June 26th. Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group cut Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 target price on the stock. in a report on Thursday, July 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vodafone Group has an average rating of “Hold” and an average price target of $136.00.

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.