SBI Securities Co. Ltd. Has $539,000 Position in Vodafone Group PLC $VOD

SBI Securities Co. Ltd. cut its stake in Vodafone Group PLC (NASDAQ:VOD) by 7.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,584 shares of the cell phone carrier’s stock after selling 4,181 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Vodafone Group were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vise Technologies Inc. acquired a new position in Vodafone Group in the 2nd quarter worth about $595,000. Profund Advisors LLC increased its holdings in Vodafone Group by 3.6% in the second quarter. Profund Advisors LLC now owns 56,739 shares of the cell phone carrier’s stock worth $605,000 after buying an additional 1,961 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Vodafone Group during the second quarter valued at approximately $212,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Vodafone Group by 365.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 555,400 shares of the cell phone carrier’s stock valued at $5,921,000 after acquiring an additional 436,176 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in Vodafone Group in the second quarter worth approximately $236,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Analyst Ratings Changes

VOD has been the topic of several analyst reports. BNP Paribas upgraded shares of Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. UBS Group reissued a “sell” rating on shares of Vodafone Group in a research report on Monday, November 3rd. Zacks Research upgraded Vodafone Group to a “hold” rating in a report on Tuesday, August 12th. The Goldman Sachs Group downgraded Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target for the company. in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $72.00.

Vodafone Group Stock Down 0.7%

VOD stock opened at $12.32 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The company has a 50-day moving average of $11.63 and a two-hundred day moving average of $11.02. Vodafone Group PLC has a 52-week low of $8.00 and a 52-week high of $12.72.

Vodafone Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, November 24th will be issued a $0.2567 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a yield of 415.0%.

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.