Integrated Wealth Concepts LLC Sells 8,479 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Integrated Wealth Concepts LLC lowered its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 14.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,262 shares of the cell phone carrier’s stock after selling 8,479 shares during the period. Integrated Wealth Concepts LLC’s holdings in Vodafone Group Public were worth $514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of VOD. Asset Dedication LLC raised its position in shares of Vodafone Group Public by 630.9% in the second quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock valued at $41,000 after purchasing an additional 4,000 shares during the period. Trust Co. of Vermont raised its position in shares of Vodafone Group Public by 1,493.2% in the third quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock valued at $47,000 after purchasing an additional 4,405 shares during the period. Rothschild Investment LLC bought a new stake in shares of Vodafone Group Public in the second quarter valued at approximately $49,000. CENTRAL TRUST Co increased its holdings in Vodafone Group Public by 37.8% during the 3rd quarter. CENTRAL TRUST Co now owns 5,516 shares of the cell phone carrier’s stock worth $55,000 after acquiring an additional 1,513 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Vodafone Group Public by 79.9% during the 3rd quarter. GAMMA Investing LLC now owns 7,023 shares of the cell phone carrier’s stock worth $70,000 after acquiring an additional 3,120 shares during the period. Institutional investors own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Vodafone Group Public Price Performance

Shares of NASDAQ:VOD opened at $8.84 on Wednesday. The company’s fifty day moving average price is $9.28 and its 200-day moving average price is $9.38. The firm has a market capitalization of $22.79 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.67 and a beta of 0.77. Vodafone Group Public Limited has a one year low of $8.02 and a one year high of $10.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34.

Vodafone Group Public Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, November 22nd will be issued a $0.2423 dividend. This represents a dividend yield of 8%. The ex-dividend date of this dividend is Friday, November 22nd. Vodafone Group Public’s payout ratio is 42.86%.

About Vodafone Group Public

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.