Quantinno Capital Management LP Cuts Holdings in Vodafone Group PLC $VOD

Quantinno Capital Management LP lowered its stake in Vodafone Group PLC (NASDAQ:VOD) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 988,723 shares of the cell phone carrier’s stock after selling 34,106 shares during the period. Quantinno Capital Management LP’s holdings in Vodafone Group were worth $14,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in VOD. AQR Capital Management LLC grew its holdings in Vodafone Group by 21.4% during the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock worth $622,000 after acquiring an additional 11,703 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Vodafone Group by 1.9% during the 1st quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier’s stock worth $2,779,000 after purchasing an additional 5,592 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Vodafone Group by 19.7% during the first quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier’s stock worth $195,000 after purchasing an additional 3,435 shares in the last quarter. M&T Bank Corp increased its holdings in Vodafone Group by 13.4% in the second quarter. M&T Bank Corp now owns 19,278 shares of the cell phone carrier’s stock valued at $206,000 after buying an additional 2,285 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Vodafone Group in the second quarter valued at $140,000. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Price Performance

Vodafone Group stock opened at $15.78 on Monday. The stock has a 50-day simple moving average of $14.70 and a 200-day simple moving average of $14.91. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. Vodafone Group PLC has a fifty-two week low of $10.66 and a fifty-two week high of $16.60.

Vodafone Group Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, June 5th were given a dividend of $0.2766 per share. The ex-dividend date was Friday, June 5th. This represents a dividend yield of 376.0%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Bank of America lowered Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a research report on Tuesday, May 26th. Weiss Ratings cut Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Wall Street Zen upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Finally, DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $10.57.

Vodafone Group Profile

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.