Marathon Capital Management Decreases Holdings in Vodafone Group Plc (NASDAQ:VOD)

Marathon Capital Management decreased its position in shares of Vodafone Group Plc (NASDAQ:VOD) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,721 shares of the cell phone carrier’s stock after selling 8,395 shares during the quarter. Marathon Capital Management’s holdings in Vodafone Group were worth $1,007,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. OLD Second National Bank of Aurora lifted its stake in Vodafone Group by 277.2% in the 1st quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock valued at $25,000 after buying an additional 984 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in Vodafone Group by 282.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock valued at $25,000 after buying an additional 1,019 shares in the last quarter. Asset Dedication LLC lifted its stake in Vodafone Group by 72.3% in the 2nd quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock valued at $31,000 after buying an additional 807 shares in the last quarter. Massey Quick Simon & CO. LLC lifted its stake in Vodafone Group by 881.1% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock valued at $40,000 after buying an additional 2,000 shares in the last quarter. Finally, Heritage Wealth Advisors purchased a new stake in Vodafone Group in the 1st quarter valued at approximately $41,000. 7.90% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on VOD. HSBC raised Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 target price on the stock in a research note on Friday, May 24th. BidaskClub raised Vodafone Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Bank of America reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Thursday. Finally, Zacks Investment Research raised Vodafone Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Vodafone Group currently has a consensus rating of “Buy” and an average target price of $23.30.

Shares of Vodafone Group stock traded down $0.45 during trading hours on Monday, reaching $17.87. 43,587 shares of the company’s stock were exchanged, compared to its average volume of 4,311,215. Vodafone Group Plc has a 52-week low of $15.53 and a 52-week high of $24.56. The company has a market capitalization of $48.87 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company’s fifty day moving average is $16.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.52.

The firm also recently declared a dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, June 7th were paid a dividend of $0.454 per share. The ex-dividend date of this dividend was Thursday, June 6th. Vodafone Group’s dividend payout ratio is presently 151.67%.

Vodafone Group Company Profile

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.

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

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