Vodafone Group PLC $VOD Stake Reduced by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,892,011 shares of the cell phone carrier’s stock after selling 2,013,744 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.49% of Vodafone Group worth $126,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. ACR Alpine Capital Research LLC raised its position in shares of Vodafone Group by 0.7% during the second quarter. ACR Alpine Capital Research LLC now owns 25,866,761 shares of the cell phone carrier’s stock worth $275,740,000 after purchasing an additional 169,833 shares during the period. JPMorgan Chase & Co. lifted its stake in Vodafone Group by 116.9% during the second quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock valued at $86,092,000 after buying an additional 4,352,389 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Vodafone Group by 5.4% in the first quarter. Royal Bank of Canada now owns 3,117,008 shares of the cell phone carrier’s stock worth $29,207,000 after buying an additional 159,985 shares during the period. ABC Arbitrage SA raised its holdings in shares of Vodafone Group by 116.3% during the second quarter. ABC Arbitrage SA now owns 2,972,904 shares of the cell phone carrier’s stock valued at $31,691,000 after acquiring an additional 1,598,700 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Vodafone Group by 22.9% in the 1st quarter. Northern Trust Corp now owns 2,194,203 shares of the cell phone carrier’s stock valued at $20,560,000 after acquiring an additional 409,376 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. Zacks Research lowered Vodafone Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 14th. BNP Paribas upgraded Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. Wall Street Zen lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, The Goldman Sachs Group downgraded shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price objective on the stock. in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Sell” and an average price target of $72.00.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $12.48 on Friday. Vodafone Group PLC has a 12 month low of $8.00 and a 12 month high of $12.72. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The company’s 50 day moving average is $11.70 and its 200-day moving average is $11.18.

Vodafone Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.2567 per share. The ex-dividend date is Monday, November 24th. This represents a yield of 434.0%.

Vodafone Group 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.