First Mercantile Trust Co. cut its holdings in Vodafone Group Plc (NASDAQ:VOD) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,751 shares of the cell phone carrier’s stock after selling 7,271 shares during the quarter. First Mercantile Trust Co.’s holdings in Vodafone Group were worth $1,140,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of VOD. Advisory Services Network LLC raised its position in Vodafone Group by 21.0% in the second quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock worth $127,000 after acquiring an additional 768 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Vodafone Group in the third quarter worth about $151,000. Global Trust Asset Management LLC bought a new stake in Vodafone Group in the fourth quarter worth about $171,000. Bank of Nova Scotia Trust Co. bought a new stake in Vodafone Group in the third quarter worth about $172,000. Finally, National Asset Management Inc. bought a new stake in Vodafone Group in the second quarter worth about $203,000. Hedge funds and other institutional investors own 10.35% of the company’s stock.
Several brokerages have commented on VOD. BidaskClub upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Raymond James Financial upgraded shares of Vodafone Group from a “market perform” rating to a “strong-buy” rating in a research report on Wednesday, January 17th. Bank of America reiterated a “buy” rating and issued a $37.26 price target on shares of Vodafone Group in a research report on Monday. Finally, Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Vodafone Group presently has an average rating of “Buy” and an average price target of $33.32.
The business also recently declared a semiannual dividend, which was paid on Friday, February 2nd. Investors of record on Friday, November 24th were paid a $0.5642 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a yield of 3.68%.
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About Vodafone Group
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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