Sheaff Brock Investment Advisors LLC Trims Holdings in Vodafone Group Plc (NASDAQ:VOD)

Sheaff Brock Investment Advisors LLC cut its stake in Vodafone Group Plc (NASDAQ:VOD) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 34,600 shares of the cell phone carrier’s stock after selling 1,062 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Vodafone Group were worth $565,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OLD Second National Bank of Aurora grew its position in shares of Vodafone Group by 277.2% in the first quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 984 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of Vodafone Group by 282.3% in the first quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 1,019 shares in the last quarter. Coastal Capital Group Inc. purchased a new position in shares of Vodafone Group in the second quarter valued at $25,000. Asset Dedication LLC grew its position in shares of Vodafone Group by 72.3% in the second quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock valued at $31,000 after purchasing an additional 807 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC grew its position in shares of Vodafone Group by 881.1% in the first quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock valued at $40,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 7.76% of the company’s stock.

NASDAQ:VOD traded down $0.21 during trading hours on Wednesday, hitting $17.91. 151,220 shares of the company’s stock traded hands, compared to its average volume of 4,584,199. The company has a market cap of $47.81 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 1.38 and a beta of 0.82. Vodafone Group Plc has a 52 week low of $15.53 and a 52 week high of $23.30. The company has a fifty day moving average of $17.00. 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 firm also recently disclosed a dividend, which was paid on Friday, August 2nd. Investors of record on Friday, June 7th were paid a dividend of $0.454 per share. The ex-dividend date of this dividend was Thursday, June 6th. Vodafone Group’s dividend payout ratio is 151.67%.

VOD has been the subject of several recent research reports. Morgan Stanley initiated coverage on Vodafone Group in a research report on Wednesday, August 7th. They issued an “overweight” rating for the company. Bank of America reiterated a “buy” rating on shares of Vodafone Group in a research report on Thursday, August 1st. Zacks Investment Research upgraded Vodafone Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 26th. BidaskClub upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, HSBC upgraded Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 price target for the company in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned 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 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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