Vodafone Group PLC $VOD Shares Sold by Waterfront Wealth Inc.

Waterfront Wealth Inc. trimmed its holdings in shares of Vodafone Group PLC (NASDAQ:VODFree Report) by 39.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 226,344 shares of the cell phone carrier’s stock after selling 144,816 shares during the period. Waterfront Wealth Inc.’s holdings in Vodafone Group were worth $2,652,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Sound Income Strategies LLC increased its stake in Vodafone Group by 3,455.7% during the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock valued at $39,000 after buying an additional 3,352 shares during the period. Global Retirement Partners LLC increased its stake in shares of Vodafone Group by 36.2% during the third quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier’s stock valued at $74,000 after acquiring an additional 1,698 shares during the period. Smartleaf Asset Management LLC raised its holdings in Vodafone Group by 98.1% during the second quarter. Smartleaf Asset Management LLC now owns 7,372 shares of the cell phone carrier’s stock worth $78,000 after purchasing an additional 3,651 shares in the last quarter. Rexford Capital Inc. acquired a new stake in Vodafone Group in the second quarter worth approximately $89,000. Finally, Baird Financial Group Inc. bought a new position in Vodafone Group during the 2nd quarter valued at $107,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Stock Up 3.4%

Vodafone Group stock opened at $15.11 on Monday. Vodafone Group PLC has a fifty-two week low of $8.05 and a fifty-two week high of $15.90. The firm’s 50 day simple moving average is $13.44 and its 200-day simple moving average is $12.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13.

Vodafone Group Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, November 24th were issued a $0.2567 dividend. The ex-dividend date was Monday, November 24th. This represents a dividend yield of 434.0%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BNP Paribas Exane upgraded Vodafone Group to a “strong sell” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. Berenberg Bank upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Finally, Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Vodafone Group presently has a consensus rating of “Reduce” and a consensus target price of $72.00.

Get Our Latest Stock Report on VOD

Key Stories Impacting Vodafone Group

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Vodafone Group Company Profile

(Free Report)

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.

See Also

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

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