QRG Capital Management Inc. Trims Stock Position in Vodafone Group PLC $VOD

QRG Capital Management Inc. decreased its position in Vodafone Group PLC (NASDAQ:VOD) by 44.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,471 shares of the cell phone carrier’s stock after selling 164,941 shares during the period. QRG Capital Management Inc.’s holdings in Vodafone Group were worth $2,418,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VOD. Tevis Investment Management increased its position in shares of Vodafone Group by 23.0% during the 2nd quarter. Tevis Investment Management now owns 180,148 shares of the cell phone carrier’s stock worth $1,966,000 after purchasing an additional 33,701 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Vodafone Group by 22.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock worth $295,079,000 after buying an additional 5,160,095 shares during the period. Icon Advisers Inc. Co. increased its position in shares of Vodafone Group by 17.8% during the second quarter. Icon Advisers Inc. Co. now owns 519,731 shares of the cell phone carrier’s stock valued at $5,540,000 after acquiring an additional 78,474 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Vodafone Group by 50.5% in the 2nd quarter. Ritholtz Wealth Management now owns 548,364 shares of the cell phone carrier’s stock worth $5,846,000 after acquiring an additional 184,022 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its position in shares of Vodafone Group by 445.3% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 51,807 shares of the cell phone carrier’s stock worth $552,000 after purchasing an additional 42,307 shares during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VOD. UBS Group reissued a “sell” rating on shares of Vodafone Group in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on Vodafone Group in a report on Tuesday, October 21st. They set an “underperform” rating and a $8.00 target price for the company. Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Finally, Wall Street Zen lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $72.00.

Vodafone Group Trading Up 0.1%

VOD stock opened at $13.47 on Tuesday. The business’s 50-day moving average is $12.81 and its two-hundred day moving average is $11.94. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $13.99.

Vodafone Group Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be paid a $0.2567 dividend. The ex-dividend date is Monday, November 24th. This represents a yield of 434.0%.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.