SeaCrest Wealth Management LLC Cuts Stake in Vodafone Group Plc (NASDAQ:VOD)

SeaCrest Wealth Management LLC lowered its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,854 shares of the cell phone carrier’s stock after selling 741 shares during the period. SeaCrest Wealth Management LLC’s holdings in Vodafone Group were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. boosted its position in Vodafone Group by 4.4% during the first quarter. Winslow Evans & Crocker Inc. now owns 13,504 shares of the cell phone carrier’s stock worth $248,000 after acquiring an additional 564 shares during the last quarter. Keystone Financial Group boosted its holdings in Vodafone Group by 3.5% in the 1st quarter. Keystone Financial Group now owns 17,831 shares of the cell phone carrier’s stock valued at $324,000 after purchasing an additional 603 shares during the last quarter. Klingenstein Fields & Co. LLC boosted its holdings in Vodafone Group by 1.2% in the 1st quarter. Klingenstein Fields & Co. LLC now owns 54,412 shares of the cell phone carrier’s stock valued at $989,000 after purchasing an additional 647 shares during the last quarter. Kistler Tiffany Companies LLC boosted its holdings in Vodafone Group by 35.7% in the 1st quarter. Kistler Tiffany Companies LLC now owns 2,872 shares of the cell phone carrier’s stock valued at $52,000 after purchasing an additional 755 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Vodafone Group by 8.7% in the 1st quarter. Advisory Services Network LLC now owns 10,867 shares of the cell phone carrier’s stock valued at $198,000 after purchasing an additional 869 shares during the last quarter. 7.92% of the stock is owned by institutional investors and hedge funds.

Shares of VOD stock traded down $0.09 during trading hours on Friday, hitting $18.21. The company had a trading volume of 185,913 shares, compared to its average volume of 3,920,733. The business’s fifty day moving average is $16.53. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Vodafone Group Plc has a fifty-two week low of $15.53 and a fifty-two week high of $24.56. The firm has a market capitalization of $48.81 billion, a PE ratio of 30.33, a PEG ratio of 1.73 and a beta of 0.81.

The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, June 7th will be issued a $0.454 dividend. The ex-dividend date of this dividend is Thursday, June 6th. Vodafone Group’s dividend payout ratio is currently 151.67%.

Several research firms have weighed in on VOD. HSBC upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 target price on the stock in a report on Friday, May 24th. Zacks Investment Research upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 26th. BidaskClub upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Bank of America reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Vodafone Group currently has an average rating of “Buy” and an average target price of $23.30.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

Featured Article: Do closed-end mutual funds pay dividends?

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

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.