Clean Yield Group Reduces Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Clean Yield Group trimmed its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 388,496 shares of the cell phone carrier’s stock after selling 42,650 shares during the quarter. Clean Yield Group’s holdings in Vodafone Group Public were worth $3,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VOD. Mediolanum International Funds Ltd purchased a new position in shares of Vodafone Group Public during the third quarter worth approximately $82,716,000. Bank of Montreal Can raised its holdings in shares of Vodafone Group Public by 445.7% in the second quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock valued at $34,055,000 after buying an additional 3,107,734 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Vodafone Group Public by 345.2% during the second quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after buying an additional 2,346,815 shares during the last quarter. JPMorgan Chase & Co. increased its position in Vodafone Group Public by 177.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after acquiring an additional 2,145,085 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in Vodafone Group Public by 1,119.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier’s stock worth $9,441,000 after acquiring an additional 864,924 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Stock Performance

NASDAQ VOD traded up $0.16 on Monday, hitting $8.21. 6,704,106 shares of the company’s stock were exchanged, compared to its average volume of 6,341,556. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. Vodafone Group Public Limited has a fifty-two week low of $8.02 and a fifty-two week high of $10.39. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.61 and a beta of 0.77. The firm’s 50-day moving average price is $8.73 and its two-hundred day moving average price is $9.26.

Vodafone Group Public Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, November 22nd will be issued a $0.2423 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 8%. Vodafone Group Public’s dividend payout ratio is presently 42.86%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Vodafone Group Public 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.