Raymond James Financial Services Advisors Inc. Reduces Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

Raymond James Financial Services Advisors Inc. decreased its holdings in Vodafone Group Public Limited (NASDAQ:VODGet Rating) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 334,744 shares of the cell phone carrier’s stock after selling 50,514 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Vodafone Group Public were worth $3,793,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in shares of Vodafone Group Public during the second quarter valued at approximately $26,000. Hexagon Capital Partners LLC purchased a new position in shares of Vodafone Group Public in the second quarter valued at $29,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Vodafone Group Public by 405.8% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,932 shares of the cell phone carrier’s stock worth $30,000 after buying an additional 1,550 shares during the period. CX Institutional bought a new position in Vodafone Group Public during the second quarter valued at $34,000. Finally, First Horizon Advisors Inc. increased its position in Vodafone Group Public by 277.8% during the second quarter. First Horizon Advisors Inc. now owns 4,919 shares of the cell phone carrier’s stock valued at $76,000 after acquiring an additional 3,617 shares during the last quarter. Institutional investors own 9.03% of the company’s stock.

Vodafone Group Public Trading Up 5.7 %

Shares of VOD stock opened at $11.28 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.04. Vodafone Group Public Limited has a 1-year low of $9.94 and a 1-year high of $19.05. The business’s fifty day moving average price is $10.96 and its 200 day moving average price is $12.56.

Vodafone Group Public Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, February 3rd. Stockholders of record on Friday, November 25th will be issued a $0.4483 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a dividend yield of 7.6%.

Wall Street Analysts Forecast Growth

VOD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vodafone Group Public from GBX 225 ($2.74) to GBX 215 ($2.62) in a research report on Thursday, September 22nd. Berenberg Bank dropped their target price on shares of Vodafone Group Public from GBX 115 ($1.40) to GBX 100 ($1.22) in a report on Monday. Bank of America upgraded shares of Vodafone Group Public from a “neutral” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Vodafone Group Public from GBX 120 ($1.46) to GBX 100 ($1.22) in a research report on Friday, December 2nd. Finally, Barclays increased their price objective on shares of Vodafone Group Public from GBX 110 ($1.34) to GBX 115 ($1.40) in a research report on Thursday, January 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vodafone Group Public presently has an average rating of “Hold” and an average price target of $138.29.

About Vodafone Group Public

(Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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Institutional Ownership by Quarter for Vodafone Group Public (NASDAQ:VOD)

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