Clearbridge Investments LLC Raises Position in Vodafone Group Public Limited (NASDAQ:VOD)

Clearbridge Investments LLC lifted its stake in Vodafone Group Public Limited (NASDAQ:VODGet Rating) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,863 shares of the cell phone carrier’s stock after buying an additional 11,578 shares during the period. Clearbridge Investments LLC’s holdings in Vodafone Group Public were worth $4,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tcwp LLC purchased a new position in Vodafone Group Public in the first quarter valued at about $26,000. Hexagon Capital Partners LLC purchased a new position in Vodafone Group Public in the second quarter valued at about $29,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Vodafone Group Public by 405.8% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,932 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,550 shares during the last quarter. CX Institutional purchased a new position in Vodafone Group Public in the second quarter valued at about $34,000. Finally, Sittner & Nelson LLC purchased a new position in Vodafone Group Public in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 8.66% of the company’s stock.

Wall Street Analyst Weigh In

VOD has been the topic of several research reports. StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Monday, November 14th. Morgan Stanley cut their price objective on Vodafone Group Public from GBX 180 ($2.13) to GBX 155 ($1.83) in a research note on Wednesday, September 7th. Barclays cut their price objective on Vodafone Group Public from GBX 120 ($1.42) to GBX 110 ($1.30) in a research note on Friday, November 18th. Sanford C. Bernstein cut Vodafone Group Public from an “outperform” rating to a “market perform” rating in a research note on Monday, August 1st. Finally, Oddo Bhf upgraded Vodafone Group Public from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Vodafone Group Public presently has an average rating of “Hold” and a consensus target price of $147.17.

Vodafone Group Public Trading Up 1.0 %

Shares of Vodafone Group Public stock opened at $11.04 on Friday. Vodafone Group Public Limited has a 1-year low of $10.85 and a 1-year high of $19.05. The business’s fifty day moving average price is $11.73 and its two-hundred day moving average price is $13.81. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.02.

Vodafone Group Public Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, February 3rd. Stockholders of record on Friday, November 25th will be given a dividend of $0.4483 per share. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Wednesday, November 23rd.

Vodafone Group Public Profile

(Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

See Also

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

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