Stonebridge Capital Management Inc. Cuts Stock Holdings in Vodafone Group Plc (NASDAQ:VOD)

Stonebridge Capital Management Inc. lowered its position in Vodafone Group Plc (NASDAQ:VOD) by 67.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,595 shares of the cell phone carrier’s stock after selling 37,250 shares during the period. Stonebridge Capital Management Inc.’s holdings in Vodafone Group were worth $287,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. grew its position in Vodafone Group by 4.4% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 13,504 shares of the cell phone carrier’s stock worth $248,000 after purchasing an additional 564 shares during the last quarter. Keystone Financial Group grew its position in Vodafone Group by 3.5% during the 1st quarter. Keystone Financial Group now owns 17,831 shares of the cell phone carrier’s stock worth $324,000 after purchasing an additional 603 shares during the last quarter. Klingenstein Fields & Co. LLC grew its position in Vodafone Group by 1.2% during the 1st quarter. Klingenstein Fields & Co. LLC now owns 54,412 shares of the cell phone carrier’s stock worth $989,000 after purchasing an additional 647 shares during the last quarter. Kistler Tiffany Companies LLC grew its position in Vodafone Group by 35.7% during the 1st quarter. Kistler Tiffany Companies LLC now owns 2,872 shares of the cell phone carrier’s stock worth $52,000 after purchasing an additional 755 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Vodafone Group by 8.7% during the 1st quarter. Advisory Services Network LLC now owns 10,867 shares of the cell phone carrier’s stock worth $198,000 after purchasing an additional 869 shares during the last quarter. 7.92% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ VOD traded down $0.07 on Wednesday, hitting $18.32. 396,682 shares of the company’s stock traded hands, compared to its average volume of 3,657,235. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Vodafone Group Plc has a 1-year low of $15.53 and a 1-year high of $24.76. The stock’s 50-day moving average price is $16.45. The firm has a market cap of $48.76 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.64 and a beta of 0.81.

The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 7th will be paid a dividend of $0.454 per share. The ex-dividend date of this dividend is Thursday, June 6th. Vodafone Group’s payout ratio is 151.67%.

Several analysts have weighed in on the stock. HSBC reissued a “hold” rating on shares of MARKS & SPENCER/S in a research report on Friday, May 24th. BidaskClub raised shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vodafone Group has a consensus rating of “Buy” and an average target price of $23.30.

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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

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