BNP Paribas Financial Markets Sells 119,259 Shares of Vodafone Group PLC $VOD

BNP Paribas Financial Markets decreased its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,103,024 shares of the cell phone carrier’s stock after selling 119,259 shares during the period. BNP Paribas Financial Markets’ holdings in Vodafone Group were worth $40,991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of America Corp DE raised its position in Vodafone Group by 9.1% during the 3rd quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock valued at $85,041,000 after purchasing an additional 610,409 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Vodafone Group by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,518,066 shares of the cell phone carrier’s stock valued at $64,010,000 after purchasing an additional 76,534 shares during the last quarter. SALT Holding Corp. raised its position in Vodafone Group by 5.5% during the 3rd quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock valued at $44,324,000 after purchasing an additional 197,500 shares during the last quarter. ABC Arbitrage SA raised its position in Vodafone Group by 22.7% during the 3rd quarter. ABC Arbitrage SA now owns 3,646,412 shares of the cell phone carrier’s stock valued at $42,298,000 after purchasing an additional 673,508 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC bought a new position in Vodafone Group during the 3rd quarter valued at approximately $23,495,000. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Performance

Vodafone Group stock opened at $15.05 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. The stock’s 50 day moving average is $15.30 and its 200 day moving average is $14.35. Vodafone Group PLC has a twelve month low of $9.80 and a twelve month high of $16.60.

Vodafone Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, June 5th will be paid a $0.2766 dividend. The ex-dividend date is Friday, June 5th. This represents a dividend yield of 357.0%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DZ Bank downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Vodafone Group from a “sell” rating to a “hold” rating in a report on Sunday. Bank of America downgraded Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a report on Tuesday, May 26th. UBS Group upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Zacks Research downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $52.38.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.