PNC Financial Services Group Inc. Has $846,000 Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

PNC Financial Services Group Inc. lessened its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,285 shares of the cell phone carrier’s stock after selling 41,691 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vodafone Group Public were worth $846,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Leo Wealth LLC bought a new stake in shares of Vodafone Group Public during the fourth quarter worth approximately $1,159,000. Slagle Financial LLC boosted its holdings in shares of Vodafone Group Public by 76.5% during the fourth quarter. Slagle Financial LLC now owns 21,762 shares of the cell phone carrier’s stock worth $189,000 after acquiring an additional 9,430 shares during the period. Caas Capital Management LP bought a new stake in shares of Vodafone Group Public during the fourth quarter worth approximately $150,000. Seven Eight Capital LP bought a new stake in shares of Vodafone Group Public during the fourth quarter worth approximately $437,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Vodafone Group Public during the fourth quarter worth approximately $278,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Trading Up 1.1 %

Shares of VOD stock opened at $9.15 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79. The stock has a market cap of $24.66 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 0.82 and a beta of 0.76. The stock has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $8.78. Vodafone Group Public Limited has a 1 year low of $8.02 and a 1 year high of $10.19.

Vodafone Group Public Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, June 7th will be paid a dividend of $0.469 per share. This represents a yield of 9.6%. The ex-dividend date is Friday, June 7th. Vodafone Group Public’s payout ratio is presently 86.24%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VOD shares. Deutsche Bank Aktiengesellschaft started coverage on Vodafone Group Public in a report on Thursday, June 20th. They set a “buy” rating for the company. StockNews.com cut Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Monday, May 27th.

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.