Quantinno Capital Management LP Lowers Stock Holdings in Vodafone Group PLC $VOD

Quantinno Capital Management LP lowered its stake in Vodafone Group PLC (NASDAQ:VOD) by 3.3% during the first quarter, HoldingsChannel reports. The firm owned 988,723 shares of the cell phone carrier’s stock after selling 34,106 shares during the quarter. Quantinno Capital Management LP’s holdings in Vodafone Group were worth $14,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of VOD. Robertson Stephens Wealth Management LLC purchased a new position in Vodafone Group during the fourth quarter worth about $922,000. Sei Investments Co. boosted its holdings in Vodafone Group by 72.4% in the 1st quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier’s stock valued at $13,014,000 after purchasing an additional 363,694 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Vodafone Group by 68.0% during the 4th quarter. Gateway Investment Advisers LLC now owns 352,038 shares of the cell phone carrier’s stock worth $4,650,000 after purchasing an additional 142,440 shares during the period. Capital Wealth Planning LLC raised its stake in shares of Vodafone Group by 87.2% during the 4th quarter. Capital Wealth Planning LLC now owns 1,028,112 shares of the cell phone carrier’s stock worth $13,715,000 after buying an additional 478,977 shares in the last quarter. Finally, Transmarket Holdings LP raised its stake in shares of Vodafone Group by 137.3% during the 1st quarter. Transmarket Holdings LP now owns 235,689 shares of the cell phone carrier’s stock worth $3,540,000 after buying an additional 136,358 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Price Performance

Shares of VOD stock opened at $15.78 on Monday. The stock has a fifty day moving average price of $14.70 and a 200 day moving average price of $14.91. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a 1 year low of $10.66 and a 1 year high of $16.60.

Vodafone Group Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, June 5th were issued a dividend of $0.2766 per share. This represents a yield of 376.0%. The ex-dividend date was Friday, June 5th.

Wall Street Analyst Weigh In

VOD has been the topic of a number of analyst reports. Bank of America downgraded Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target on the stock. in a research note on Tuesday, May 26th. Zacks Research downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Barclays downgraded shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $10.57.

Vodafone Group Company Profile

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.