AE Wealth Management LLC Has $1.34 Million Stake in Vodafone Group PLC (VOD)

AE Wealth Management LLC reduced its position in Vodafone Group PLC (NASDAQ:VOD) by 20.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,087 shares of the cell phone carrier’s stock after selling 12,089 shares during the period. AE Wealth Management LLC’s holdings in Vodafone Group PLC were worth $1,340,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC increased its position in shares of Vodafone Group PLC by 3.0% in the third quarter. Catalyst Capital Advisors LLC now owns 77,890 shares of the cell phone carrier’s stock worth $2,217,000 after acquiring an additional 2,300 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Vodafone Group PLC in the third quarter worth approximately $701,000. Commonwealth Equity Services Inc increased its position in shares of Vodafone Group PLC by 6.1% in the third quarter. Commonwealth Equity Services Inc now owns 254,798 shares of the cell phone carrier’s stock worth $7,251,000 after acquiring an additional 14,598 shares in the last quarter. Marble Harbor Investment Counsel LLC increased its position in shares of Vodafone Group PLC by 8.7% in the third quarter. Marble Harbor Investment Counsel LLC now owns 286,082 shares of the cell phone carrier’s stock worth $8,142,000 after acquiring an additional 22,923 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Vodafone Group PLC by 11.0% in the third quarter. Advisors Asset Management Inc. now owns 81,650 shares of the cell phone carrier’s stock worth $2,324,000 after acquiring an additional 8,118 shares in the last quarter. 10.04% of the stock is currently owned by institutional investors and hedge funds.

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Vodafone Group PLC (NASDAQ VOD) traded down $0.12 during midday trading on Monday, reaching $30.84. 1,470,119 shares of the company’s stock were exchanged, compared to its average volume of 3,929,325. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Vodafone Group PLC has a 1 year low of $24.17 and a 1 year high of $31.03.

The firm also recently announced a semiannual dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, November 24th will be paid a $0.5642 dividend. This represents a yield of 3.68%. The ex-dividend date is Wednesday, November 22nd. Vodafone Group PLC’s dividend payout ratio (DPR) is presently -443.24%.

Several research analysts have recently weighed in on the stock. J P Morgan Chase & Co reissued a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. Bank of America Corporation raised shares of Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 target price on the stock in a research report on Wednesday, August 9th. BidaskClub raised shares of Vodafone Group PLC from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. UBS AG reaffirmed a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Vodafone Group PLC from a “sell” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $32.14.

Vodafone Group PLC Company Profile

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.

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

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