Vodafone Group PLC (VOD) Position Cut by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 563,708 shares of the cell phone carrier’s stock after selling 16,958 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Vodafone Group were worth $16,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VOD. Quantitative Systematic Strategies LLC purchased a new position in Vodafone Group during the 3rd quarter valued at approximately $1,316,000. Arrowstreet Capital Limited Partnership grew its holdings in Vodafone Group by 47.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock valued at $86,590,000 after buying an additional 975,277 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its holdings in Vodafone Group by 3.4% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 263,159 shares of the cell phone carrier’s stock valued at $7,561,000 after buying an additional 8,768 shares in the last quarter. Cetera Investment Advisers purchased a new position in Vodafone Group during the 2nd quarter valued at approximately $1,456,000. Finally, Columbia Asset Management boosted its holdings in shares of Vodafone Group by 47.5% in the 2nd quarter. Columbia Asset Management now owns 24,662 shares of the cell phone carrier’s stock worth $708,000 after purchasing an additional 7,942 shares during the period. 10.24% of the stock is currently owned by institutional investors.

Shares of Vodafone Group PLC (NASDAQ:VOD) opened at $31.22 on Monday. Vodafone Group PLC has a one year low of $24.31 and a one year high of $31.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.96.

The firm also recently declared a semiannual dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, November 24th will be paid a dividend of $0.5642 per share. This represents a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 22nd.

A number of brokerages have recently commented on VOD. BidaskClub cut Vodafone Group from a “buy” rating to a “hold” rating in a report on Monday, September 18th. UBS reiterated a “buy” rating on shares of Vodafone Group in a report on Monday, October 2nd. Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Friday. Goldman Sachs Group reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday, November 23rd. Finally, Zacks Investment Research cut Vodafone Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.14.

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About Vodafone Group

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.

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

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