Wells Fargo & Company MN trimmed its holdings in shares of Vodafone (NASDAQ:VOD) by 12.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,057,955 shares of the cell phone carrier’s stock after selling 958,869 shares during the quarter. Wells Fargo & Company MN’s holdings in Vodafone were worth $196,352,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of VOD. Atria Investments LLC boosted its holdings in shares of Vodafone by 63.0% during the 4th quarter. Atria Investments LLC now owns 16,728 shares of the cell phone carrier’s stock worth $534,000 after buying an additional 6,467 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Vodafone by 30.2% during the 4th quarter. Bank of Montreal Can now owns 610,113 shares of the cell phone carrier’s stock worth $19,462,000 after buying an additional 141,442 shares in the last quarter. Creative Planning boosted its holdings in shares of Vodafone by 4.8% during the 4th quarter. Creative Planning now owns 48,111 shares of the cell phone carrier’s stock worth $1,535,000 after buying an additional 2,212 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Vodafone during the 4th quarter worth approximately $827,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Vodafone by 33.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 60,975 shares of the cell phone carrier’s stock worth $1,945,000 after buying an additional 15,409 shares in the last quarter. Hedge funds and other institutional investors own 10.85% of the company’s stock.
Shares of Vodafone opened at $26.41 on Friday, MarketBeat.com reports. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. Vodafone has a twelve month low of $26.22 and a twelve month high of $32.75. The company has a market cap of $70.95 billion, a PE ratio of 19.42, a PEG ratio of 1.90 and a beta of 0.81.
The company also recently announced a semiannual dividend, which will be paid on Friday, August 3rd. Stockholders of record on Friday, June 8th will be given a dividend of $1.2237 per share. This represents a dividend yield of 9.2%. This is a positive change from Vodafone’s previous semiannual dividend of $0.56. The ex-dividend date is Thursday, June 7th. Vodafone’s dividend payout ratio is presently 127.21%.
A number of equities analysts have issued reports on the company. Bank of America restated a “buy” rating on shares of Vodafone in a report on Wednesday. Citigroup cut Vodafone from a “buy” rating to a “neutral” rating in a report on Thursday. BidaskClub lowered Vodafone from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. ValuEngine lowered Vodafone from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, Zacks Investment Research raised Vodafone from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Friday, March 30th. Three analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Vodafone presently has a consensus rating of “Buy” and a consensus target price of $31.76.
Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.
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