Blair William & Co. IL Sells 23,162 Shares of Vodafone Group PLC (NASDAQ:VOD)

Blair William & Co. IL cut its holdings in Vodafone Group PLC (NASDAQ:VOD) by 47.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. raised its position in Vodafone Group by 65.5% in the first 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 during the period. Brucke Financial Inc. raised its position in shares of Vodafone Group by 9.8% during the 1st quarter. Brucke Financial Inc. now owns 14,700 shares of the cell phone carrier’s stock valued at $143,000 after purchasing an additional 1,308 shares during the period. Allworth Financial LP raised its position in shares of Vodafone Group by 4.9% during the 1st quarter. Allworth Financial LP now owns 28,435 shares of the cell phone carrier’s stock valued at $265,000 after purchasing an additional 1,332 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Vodafone Group by 11.2% during the 1st quarter. Valeo Financial Advisors LLC now owns 13,531 shares of the cell phone carrier’s stock valued at $127,000 after purchasing an additional 1,364 shares during the period. Finally, Cahill Financial Advisors Inc. raised its position in shares of Vodafone Group by 8.6% during the 4th quarter. Cahill Financial Advisors Inc. now owns 20,395 shares of the cell phone carrier’s stock valued at $173,000 after purchasing an additional 1,611 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Vodafone Group Stock Up 0.3%

Shares of NASDAQ:VOD opened at $11.54 on Wednesday. The firm has a market capitalization of $28.00 billion, a PE 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 1 year low of $8.00 and a 1 year high of $11.66. The business has a 50 day simple moving average of $10.73 and a two-hundred day simple moving average of $9.72.

Vodafone Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, June 6th were given 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 presently 42.98%.

Vodafone Group 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.