Vodafone Group Plc (VOD) Shares Sold by Financial Partners Capital Management LLC

Financial Partners Capital Management LLC lowered its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 321,956 shares of the cell phone carrier’s stock after selling 3,848 shares during the period. Vodafone Group makes up 2.7% of Financial Partners Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Financial Partners Capital Management LLC’s holdings in Vodafone Group were worth $8,957,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP increased its stake in Vodafone Group by 14.9% in the fourth quarter. First Trust Advisors LP now owns 941,444 shares of the cell phone carrier’s stock valued at $30,032,000 after acquiring an additional 122,121 shares during the period. Advisory Services Network LLC increased its stake in Vodafone Group by 219.2% in the fourth quarter. Advisory Services Network LLC now owns 15,146 shares of the cell phone carrier’s stock valued at $483,000 after acquiring an additional 10,401 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Vodafone Group by 2.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 133,514 shares of the cell phone carrier’s stock valued at $4,259,000 after acquiring an additional 3,579 shares during the period. Tower Research Capital LLC TRC increased its stake in Vodafone Group by 1,541.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,728 shares of the cell phone carrier’s stock valued at $215,000 after acquiring an additional 6,318 shares during the period. Finally, Virtu Financial LLC bought a new stake in Vodafone Group in the fourth quarter valued at about $835,000. 10.85% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. ValuEngine cut shares of Vodafone Group from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. Citigroup cut shares of Vodafone Group from a “buy” rating to a “neutral” rating in a research note on Thursday, May 17th. Bank of America reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Wednesday, May 16th. Finally, Zacks Investment Research raised shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Friday, March 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.71.

Shares of Vodafone Group opened at $24.49 on Tuesday, Marketbeat.com reports. Vodafone Group Plc has a 1 year low of $24.45 and a 1 year high of $32.75. The company has a market cap of $65.99 billion, a PE ratio of 18.01, a P/E/G ratio of 1.33 and a beta of 0.79. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

The business also recently announced a semiannual dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, June 8th will be given a dividend of $1.2237 per share. This represents a dividend yield of 9.2%. This is a positive change from Vodafone Group’s previous semiannual dividend of $0.56. The ex-dividend date is Thursday, June 7th. Vodafone Group’s dividend payout ratio is presently 177.21%.

Vodafone Group Company Profile

Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.

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

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