Trust Co. of Vermont Sells 8,329 Shares of Vodafone Group Plc (NASDAQ:VOD)

Trust Co. of Vermont lowered its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 13.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 55,679 shares of the cell phone carrier’s stock after selling 8,329 shares during the period. Trust Co. of Vermont’s holdings in Vodafone Group were worth $909,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. ACR Alpine Capital Research LLC raised its stake in Vodafone Group by 22.8% during the first quarter. ACR Alpine Capital Research LLC now owns 8,061,251 shares of the cell phone carrier’s stock worth $146,554,000 after buying an additional 1,495,285 shares during the last quarter. Letko Brosseau & Associates Inc. raised its stake in Vodafone Group by 33.3% during the first quarter. Letko Brosseau & Associates Inc. now owns 2,993,406 shares of the cell phone carrier’s stock worth $54,420,000 after buying an additional 747,968 shares during the last quarter. Delek Group Ltd. raised its stake in Vodafone Group by 80.8% during the first quarter. Delek Group Ltd. now owns 1,231,000 shares of the cell phone carrier’s stock worth $22,269,000 after buying an additional 550,000 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Vodafone Group by 22.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 2,801,100 shares of the cell phone carrier’s stock worth $50,925,000 after buying an additional 522,182 shares during the last quarter. Finally, Altrinsic Global Advisors LLC raised its stake in Vodafone Group by 8.2% during the first quarter. Altrinsic Global Advisors LLC now owns 6,298,764 shares of the cell phone carrier’s stock worth $114,511,000 after buying an additional 477,670 shares during the last quarter. 7.90% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:VOD traded down $0.02 during trading hours on Wednesday, reaching $17.84. The company had a trading volume of 143,628 shares, compared to its average volume of 4,386,301. The company has a current ratio of 1.55, a quick ratio of 1.52 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $47.57 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 1.40 and a beta of 0.82. The stock has a 50-day moving average price of $16.74. Vodafone Group Plc has a twelve month low of $15.53 and a twelve month high of $24.56.

The business also recently declared a dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, June 7th were issued a $0.454 dividend. The ex-dividend date was Thursday, June 6th. Vodafone Group’s payout ratio is 151.67%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 26th. HSBC raised shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 target price for the company in a research note on Friday, May 24th. Bank of America reissued a “buy” rating on shares of Vodafone Group in a research note on Thursday, August 1st. Finally, BidaskClub raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Vodafone Group currently has a consensus rating of “Buy” and an average target price of $23.30.

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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

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