QRG Capital Management Inc. Trims Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

QRG Capital Management Inc. lowered its position in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 402,887 shares of the cell phone carrier’s stock after selling 9,557 shares during the quarter. QRG Capital Management Inc.’s holdings in Vodafone Group Public were worth $3,574,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VOD. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Vodafone Group Public during the second quarter worth about $102,000. Valeo Financial Advisors LLC raised its position in shares of Vodafone Group Public by 8.5% during the second quarter. Valeo Financial Advisors LLC now owns 17,597 shares of the cell phone carrier’s stock valued at $156,000 after buying an additional 1,384 shares during the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of Vodafone Group Public by 37.5% in the second quarter. Aprio Wealth Management LLC now owns 33,153 shares of the cell phone carrier’s stock worth $294,000 after buying an additional 9,036 shares in the last quarter. First Affirmative Financial Network grew its stake in Vodafone Group Public by 35.9% during the second quarter. First Affirmative Financial Network now owns 13,931 shares of the cell phone carrier’s stock valued at $124,000 after acquiring an additional 3,682 shares in the last quarter. Finally, Five Oceans Advisors bought a new stake in Vodafone Group Public in the 2nd quarter valued at $105,000. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Public Stock Up 0.4 %

VOD traded up $0.04 on Friday, reaching $9.44. 2,481,442 shares of the company traded hands, compared to its average volume of 4,238,440. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79. Vodafone Group Public Limited has a one year low of $8.02 and a one year high of $10.19. The firm has a fifty day simple moving average of $9.11 and a two-hundred day simple moving average of $8.88.

Vodafone Group Public Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, June 7th were paid a dividend of $0.469 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a dividend yield of 9.6%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Vodafone Group Public in a research note on Thursday, June 20th. They issued a “buy” rating on the stock. UBS Group downgraded shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. New Street Research raised shares of Vodafone Group Public to a “strong-buy” rating in a research note on Monday, July 8th. Finally, StockNews.com cut shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Vodafone Group Public presently has an average rating of “Moderate Buy” and a consensus price target of $14.45.

Vodafone Group Public Company Profile

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.