Kestra Advisory Services LLC Has $4.13 Million Stock Holdings in Vodafone Group PLC $VOD

Kestra Advisory Services LLC decreased its stake in Vodafone Group PLC (NASDAQ:VOD) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,798 shares of the cell phone carrier’s stock after selling 75,558 shares during the period. Kestra Advisory Services LLC’s holdings in Vodafone Group were worth $4,127,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Vodafone Group by 21.4% in the 1st quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock valued at $622,000 after acquiring an additional 11,703 shares during the last quarter. Empowered Funds LLC grew its position in 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 acquiring an additional 5,592 shares during the last quarter. Focus Partners Wealth increased its holdings in Vodafone Group by 19.7% in the 1st 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 raised its position 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 purchasing an additional 2,285 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Vodafone Group during the second quarter valued at about $140,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Trading Up 3.6%

Shares of VOD stock opened at $15.62 on Friday. Vodafone Group PLC has a 1-year low of $10.66 and a 1-year high of $16.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The stock has a 50-day moving average of $14.62 and a 200-day moving average of $14.74.

Vodafone Group Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.2766 per share. This represents a yield of 376.0%. The ex-dividend date of this dividend is Friday, June 5th.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VOD. Weiss Ratings cut Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. DZ Bank downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Bank of America lowered shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target on the stock. in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Vodafone Group presently has an average rating of “Reduce” and a consensus price target of $52.38.

Vodafone Group Company 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.