Hartford Financial Management Inc. Has $172,000 Holding in Vodafone Group Plc (VOD)

Hartford Financial Management Inc. Has $172,000 Holding in Vodafone Group Plc (VOD)

Hartford Financial Management Inc. trimmed its holdings in Vodafone Group Plc (NASDAQ:VOD) by 33.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,940 shares of the cell phone carrier’s stock after selling 4,407 shares during the quarter. Hartford Financial Management Inc.’s holdings in Vodafone Group were worth $172,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Zions Bancorporation boosted its stake in Vodafone Group by 16.2% in the 3rd quarter. Zions Bancorporation now owns 72,979 shares of the cell phone carrier’s stock worth $1,584,000 after purchasing an additional 10,169 shares during the period. Tocqueville Asset Management L.P. boosted its stake in Vodafone Group by 6.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 117,469 shares of the cell phone carrier’s stock worth $2,549,000 after purchasing an additional 7,150 shares during the period. Parsec Financial Management Inc. boosted its stake in Vodafone Group by 4.4% in the 3rd quarter. Parsec Financial Management Inc. now owns 682,186 shares of the cell phone carrier’s stock worth $14,803,000 after purchasing an additional 28,602 shares during the period. Renaissance Technologies LLC boosted its stake in Vodafone Group by 68.0% in the 3rd quarter. Renaissance Technologies LLC now owns 10,987,256 shares of the cell phone carrier’s stock worth $238,423,000 after purchasing an additional 4,448,570 shares during the period. Finally, First Trust Advisors LP boosted its stake in Vodafone Group by 22.2% in the 3rd quarter. First Trust Advisors LP now owns 1,228,825 shares of the cell phone carrier’s stock worth $26,666,000 after purchasing an additional 223,288 shares during the period. Institutional investors and hedge funds own 8.77% of the company’s stock.

Shares of NASDAQ VOD traded down $0.01 during midday trading on Friday, reaching $18.04. 3,847,667 shares of the stock traded hands, compared to its average volume of 5,473,126. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.70. Vodafone Group Plc has a one year low of $17.70 and a one year high of $30.20.

The company also recently announced a semiannual dividend, which was paid on Friday, February 1st. Stockholders of record on Friday, November 23rd were given a dividend of $0.5455 per share. The ex-dividend date was Wednesday, November 21st. This represents a dividend yield of 5.36%. Vodafone Group’s dividend payout ratio is currently 78.68%.

VOD has been the subject of several recent analyst reports. Gabelli restated a “buy” rating on shares of Vodafone Group in a research note on Wednesday, November 14th. Bank of America upgraded Vodafone Group from a “neutral” rating to a “buy” rating and set a $18.50 target price for the company in a research report on Wednesday. UBS Group upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Monday, December 17th. Kepler Capital Markets upgraded Vodafone Group from a “reduce” rating to a “buy” rating in a research report on Monday, January 28th. Finally, Zacks Investment Research upgraded Vodafone Group from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten 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 $29.61.

Vodafone Group 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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