BNP Paribas Financial Markets Sells 17,916 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

BNP Paribas Financial Markets cut its position in Vodafone Group Public Limited (NASDAQ:VOD) by 38.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,186 shares of the cell phone carrier’s stock after selling 17,916 shares during the quarter. BNP Paribas Financial Markets’ holdings in Vodafone Group Public were worth $282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new stake in Vodafone Group Public during the 2nd quarter worth approximately $143,000. Blue Trust Inc. increased its holdings in Vodafone Group Public by 45.5% in the second quarter. Blue Trust Inc. now owns 9,386 shares of the cell phone carrier’s stock valued at $84,000 after purchasing an additional 2,935 shares during the period. Vicus Capital raised its position in Vodafone Group Public by 10.0% during the 2nd quarter. Vicus Capital now owns 12,629 shares of the cell phone carrier’s stock worth $112,000 after purchasing an additional 1,144 shares during the last quarter. Griffin Asset Management Inc. acquired a new position in Vodafone Group Public during the 2nd quarter worth about $107,000. Finally, Tevis Investment Management grew its position in shares of Vodafone Group Public by 38.5% in the 2nd quarter. Tevis Investment Management now owns 115,724 shares of the cell phone carrier’s stock valued at $1,081,000 after buying an additional 32,164 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Stock Performance

NASDAQ VOD opened at $8.69 on Monday. The business has a 50 day simple moving average of $9.20 and a 200 day simple moving average of $9.36. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. Vodafone Group Public Limited has a one year low of $8.02 and a one year high of $10.39.

Vodafone Group Public Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, November 22nd will be paid a $0.2423 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 8%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Vodafone Group Public currently has an average rating of “Moderate Buy”.

About Vodafone Group Public

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.