Advisors Asset Management Inc. Sells 4,223 Shares of Vodafone Group PLC $VOD

Advisors Asset Management Inc. trimmed its holdings in Vodafone Group PLC (NASDAQ:VOD) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,887 shares of the cell phone carrier’s stock after selling 4,223 shares during the quarter. Advisors Asset Management Inc.’s holdings in Vodafone Group were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in VOD. Natixis Advisors LLC boosted its holdings in shares of Vodafone Group by 11.3% during the 1st quarter. Natixis Advisors LLC now owns 86,886 shares of the cell phone carrier’s stock worth $814,000 after buying an additional 8,844 shares in the last quarter. Bank of Nova Scotia boosted its stake in Vodafone Group by 11.3% during the first quarter. Bank of Nova Scotia now owns 202,777 shares of the cell phone carrier’s stock worth $1,900,000 after acquiring an additional 20,630 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Vodafone Group by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 153,616 shares of the cell phone carrier’s stock worth $1,439,000 after purchasing an additional 6,992 shares during the period. Deutsche Bank AG increased its stake in Vodafone Group by 63,786.2% in the first quarter. Deutsche Bank AG now owns 1,597,156 shares of the cell phone carrier’s stock valued at $14,965,000 after purchasing an additional 1,594,656 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Vodafone Group during the first quarter valued at about $1,117,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

VOD has been the subject of several research reports. BNP Paribas Exane assumed coverage on Vodafone Group in a research note on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 target price for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. Zacks Research lowered shares of Vodafone Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 14th. UBS Group reissued a “sell” rating on shares of Vodafone Group in a report on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and a consensus target price of $72.00.

Vodafone Group Stock Performance

Shares of NASDAQ VOD opened at $12.46 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. Vodafone Group PLC has a one year low of $8.00 and a one year high of $12.72. The business’s fifty day moving average price is $11.72 and its 200-day moving average price is $11.23.

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 paid a $0.2567 dividend. This represents a yield of 434.0%. The ex-dividend date is Monday, November 24th.

About Vodafone Group

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.