Vodafone Group Plc (VOD) Stake Lowered by BLB&B Advisors LLC

BLB&B Advisors LLC lessened its holdings in Vodafone Group Plc (NASDAQ:VOD) by 17.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,300 shares of the cell phone carrier’s stock after selling 13,542 shares during the quarter. BLB&B Advisors LLC’s holdings in Vodafone Group were worth $2,051,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quantitative Systematic Strategies LLC acquired a new stake in shares of Vodafone Group in the third quarter worth $1,316,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Vodafone Group by 47.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock worth $86,590,000 after buying an additional 975,277 shares during the period. FDx Advisors Inc. boosted its position in shares of Vodafone Group by 7.6% in the third quarter. FDx Advisors Inc. now owns 173,979 shares of the cell phone carrier’s stock worth $4,951,000 after buying an additional 12,304 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Vodafone Group in the second quarter worth $1,456,000. Finally, Cable Hill Partners LLC acquired a new stake in shares of Vodafone Group in the third quarter worth $343,000. 10.23% of the stock is owned by institutional investors and hedge funds.

VOD has been the subject of several recent analyst reports. BidaskClub raised Vodafone Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Goldman Sachs Group reissued a “buy” rating on shares of Vodafone Group in a research report on Thursday, November 23rd. Zacks Investment Research raised Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, November 17th. UBS Group reissued a “buy” rating on shares of Vodafone Group in a research report on Monday, October 2nd. Finally, Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $32.14.

Shares of Vodafone Group Plc (NASDAQ VOD) traded up $0.49 during trading hours on Tuesday, hitting $31.93. The company’s stock had a trading volume of 2,897,400 shares, compared to its average volume of 2,535,567. Vodafone Group Plc has a 12 month low of $24.31 and a 12 month high of $32.75. The firm has a market capitalization of $84,850.00, a PE ratio of -84.03, a P/E/G ratio of 2.30 and a beta of 0.94. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

The business also recently declared a semiannual dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, November 24th will be given a $0.5642 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a dividend yield of 3.68%. Vodafone Group’s dividend payout ratio is currently -302.63%.

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Vodafone Group Company Profile

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.

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

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