Letko Brosseau & Associates Inc. Sells 181,849 Shares of Vodafone Group Plc (NASDAQ:VOD)

Letko Brosseau & Associates Inc. lessened its position in shares of Vodafone Group Plc (NASDAQ:VOD) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,811,557 shares of the cell phone carrier’s stock after selling 181,849 shares during the quarter. Letko Brosseau & Associates Inc. owned about 0.11% of Vodafone Group worth $45,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OLD Second National Bank of Aurora increased its stake in Vodafone Group by 277.2% during 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 purchasing an additional 984 shares in the last quarter. Cornerstone Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 1,019 shares during the last quarter. Coastal Capital Group Inc. purchased a new stake in shares of Vodafone Group in the 2nd quarter valued at $25,000. Asset Dedication LLC boosted its holdings in shares of 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 acquiring an additional 807 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC boosted its holdings in shares of 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 acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Several analysts have recently commented on the stock. BidaskClub raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Zacks Investment Research raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 26th. HSBC raised shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 price objective on the stock in a report on Friday, May 24th. Morgan Stanley assumed coverage on shares of Vodafone Group in a report on Wednesday, August 7th. They issued an “overweight” rating on the stock. Finally, Bank of America reaffirmed a “buy” rating on shares of Vodafone Group in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $23.30.

NASDAQ VOD traded down $0.01 during mid-day trading on Thursday, reaching $17.89. 134,553 shares of the stock were exchanged, compared to its average volume of 4,203,542. The business has a 50 day simple moving average of $17.05. Vodafone Group Plc has a 1 year low of $15.53 and a 1 year high of $23.25. The stock has a market cap of $48.13 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.37 and a beta of 0.82. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.77.

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

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.

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

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