Parallel Advisors LLC Sells 10,388 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Parallel Advisors LLC trimmed its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 65.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,476 shares of the cell phone carrier’s stock after selling 10,388 shares during the quarter. Parallel Advisors LLC’s holdings in Vodafone Group Public were worth $51,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Vodafone Group Public by 63.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock valued at $41,000 after acquiring an additional 1,899 shares during the period. GeoWealth Management LLC boosted its position in shares of Vodafone Group Public by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock valued at $44,000 after acquiring an additional 3,733 shares during the period. CoreCap Advisors LLC boosted its position in shares of Vodafone Group Public by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier’s stock valued at $58,000 after acquiring an additional 5,709 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Vodafone Group Public by 912.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock valued at $61,000 after acquiring an additional 6,500 shares during the period. Finally, Pacific Center for Financial Services boosted its position in shares of Vodafone Group Public by 33.0% in the fourth quarter. Pacific Center for Financial Services now owns 9,794 shares of the cell phone carrier’s stock valued at $83,000 after acquiring an additional 2,428 shares during the period. 7.84% of the stock is owned by institutional investors.

Vodafone Group Public Trading Down 2.6%

VOD opened at $9.94 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $24.74 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 0.66 and a beta of 0.58. Vodafone Group Public Limited has a twelve month low of $8.00 and a twelve month high of $10.60. The company has a 50-day simple moving average of $9.49 and a 200 day simple moving average of $9.01.

Vodafone Group Public Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 6th will be paid a dividend of $0.2355 per share. This represents a yield of 6.6%. The ex-dividend date of this dividend is Friday, June 6th. Vodafone Group Public’s payout ratio is 41.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VOD shares. DZ Bank raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, March 24th. Finally, Wall Street Zen cut shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Vodafone Group Public 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.