Financial & Investment Management Group Ltd. Sells 58,630 Shares of Vodafone Group PLC (VOD)

Financial & Investment Management Group Ltd. decreased its position in Vodafone Group PLC (NASDAQ:VOD) by 24.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,380 shares of the cell phone carrier’s stock after selling 58,630 shares during the period. Vodafone Group PLC comprises about 1.9% of Financial & Investment Management Group Ltd.’s investment portfolio, making the stock its 17th largest position. Financial & Investment Management Group Ltd.’s holdings in Vodafone Group PLC were worth $5,240,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its position in shares of Vodafone Group PLC by 68.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,862 shares of the cell phone carrier’s stock worth $102,000 after buying an additional 1,571 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Vodafone Group PLC by 239.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,217 shares of the cell phone carrier’s stock worth $111,000 after buying an additional 2,975 shares during the period. Winslow Evans & Crocker Inc. increased its position in shares of Vodafone Group PLC by 4.2% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,956 shares of the cell phone carrier’s stock worth $131,000 after buying an additional 200 shares during the period. Washington Trust Bank increased its position in shares of Vodafone Group PLC by 26.2% in the first quarter. Washington Trust Bank now owns 5,011 shares of the cell phone carrier’s stock worth $132,000 after buying an additional 1,040 shares during the period. Finally, Pacific Center for Financial Services increased its position in shares of Vodafone Group PLC by 9.9% in the first quarter. Pacific Center for Financial Services now owns 5,018 shares of the cell phone carrier’s stock worth $133,000 after buying an additional 452 shares during the period. Hedge funds and other institutional investors own 10.46% of the company’s stock.

Shares of Vodafone Group PLC (VOD) traded down 0.03% on Friday, hitting $29.05. 612,654 shares of the company were exchanged. Vodafone Group PLC has a 52-week low of $24.17 and a 52-week high of $31.69.

The firm also recently declared a semiannual dividend, which will be paid on Friday, August 4th. Investors of record on Friday, June 9th will be issued a $1.1234 dividend. This is a positive change from Vodafone Group PLC’s previous semiannual dividend of $0.56. The ex-dividend date is Wednesday, June 7th. This represents a yield of 7.74%.

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A number of brokerages have commented on VOD. BidaskClub downgraded shares of Vodafone Group PLC from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Vodafone Group PLC in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of Vodafone Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Vodafone Group PLC in a research note on Friday, June 16th. Finally, Barclays PLC downgraded shares of Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Vodafone Group PLC presently has an average rating of “Buy” and a consensus target price of $31.33.

About Vodafone Group PLC

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

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

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