Thornburg Investment Management Inc. Sells 868,172 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Thornburg Investment Management Inc. lessened its position in Vodafone Group Public Limited (NASDAQ:VOD) by 56.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 682,362 shares of the cell phone carrier’s stock after selling 868,172 shares during the period. Thornburg Investment Management Inc.’s holdings in Vodafone Group Public were worth $6,027,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOD. Allspring Global Investments Holdings LLC bought a new position in Vodafone Group Public during the first quarter worth about $46,000. First Horizon Advisors Inc. lifted its stake in Vodafone Group Public by 581.7% in the fourth quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier’s stock valued at $47,000 after buying an additional 4,566 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Vodafone Group Public by 230.9% in the first quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier’s stock valued at $48,000 after buying an additional 3,775 shares during the period. WFA Asset Management Corp increased its position in shares of Vodafone Group Public by 146.7% during the fourth quarter. WFA Asset Management Corp now owns 5,466 shares of the cell phone carrier’s stock worth $48,000 after acquiring an additional 3,250 shares in the last quarter. Finally, Pingora Partners LLC acquired a new stake in shares of Vodafone Group Public during the fourth quarter worth $57,000. 7.84% of the stock is owned by institutional investors.

Vodafone Group Public Trading Down 0.2 %

VOD stock traded down $0.02 during midday trading on Wednesday, hitting $9.06. The company’s stock had a trading volume of 2,836,695 shares, compared to its average volume of 6,869,261. The company’s fifty day moving average price is $9.18 and its 200 day moving average price is $8.83. Vodafone Group Public Limited has a twelve month low of $8.02 and a twelve month high of $10.19. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79.

Vodafone Group Public Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, June 7th will be issued a dividend of $0.469 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a yield of 9.6%.

Analyst Upgrades and Downgrades

VOD has been the topic of several recent research reports. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. New Street Research raised Vodafone Group Public to a “strong-buy” rating in a research report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Vodafone Group Public in a research note on Thursday, June 20th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Vodafone Group Public presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.45.

Vodafone Group Public Company 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.