Vodafone Group PLC $VOD Shares Sold by Mackay Shields LLC

Mackay Shields LLC decreased its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 37.2% in the third quarter, HoldingsChannel reports. The firm owned 371,152 shares of the cell phone carrier’s stock after selling 220,272 shares during the quarter. Mackay Shields LLC’s holdings in Vodafone Group were worth $4,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of VOD. Arrowstreet Capital Limited Partnership increased its stake in shares of Vodafone Group by 22.9% in 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 acquiring an additional 5,160,095 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Vodafone Group by 116.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock valued at $86,092,000 after buying an additional 4,352,389 shares during the period. SALT Holding Corp. raised its position in Vodafone Group by 3,039.6% during the second quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock valued at $38,627,000 after acquiring an additional 3,508,086 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Vodafone Group by 282.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock worth $33,707,000 after purchasing an additional 2,335,306 shares during the period. Finally, ABC Arbitrage SA boosted its holdings in Vodafone Group by 116.3% during the second quarter. ABC Arbitrage SA now owns 2,972,904 shares of the cell phone carrier’s stock worth $31,691,000 after buying an additional 1,598,700 shares in the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. BNP Paribas upgraded shares of Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. Berenberg Bank upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $72.00.

Vodafone Group Trading Down 2.7%

Shares of VOD stock opened at $13.18 on Wednesday. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $13.99. The company’s 50-day moving average price is $12.65 and its 200-day moving average price is $11.86. 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 Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, November 24th will be issued 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.