Ameriprise Financial Inc. lowered its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,211,613 shares of the cell phone carrier’s stock after selling 32,826 shares during the period. Ameriprise Financial Inc. owned about 0.12% of Vodafone Group worth $91,416,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC acquired a new position in Vodafone Group during the third quarter worth about $1,316,000. Arrowstreet Capital Limited Partnership boosted its position in Vodafone Group by 47.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock worth $86,590,000 after acquiring an additional 975,277 shares during the last quarter. Marble Harbor Investment Counsel LLC boosted its position in Vodafone Group by 3.4% during the second quarter. Marble Harbor Investment Counsel LLC now owns 263,159 shares of the cell phone carrier’s stock worth $7,561,000 after acquiring an additional 8,768 shares during the last quarter. Cetera Investment Advisers acquired a new position in Vodafone Group during the second quarter worth about $1,456,000. Finally, Columbia Asset Management boosted its position in Vodafone Group by 47.5% during the second quarter. Columbia Asset Management now owns 24,662 shares of the cell phone carrier’s stock worth $708,000 after acquiring an additional 7,942 shares during the last quarter. 10.04% of the stock is owned by institutional investors and hedge funds.
Vodafone Group PLC (NASDAQ VOD) opened at $30.59 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Vodafone Group PLC has a fifty-two week low of $24.17 and a fifty-two week high of $31.03.
The company also recently announced a semiannual dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, November 24th will be issued a $0.5642 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a yield of 3.68%. Vodafone Group’s payout ratio is -310.81%.
VOD has been the topic of a number of recent research reports. Bank of America Corporation upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating and set a $32.56 price target on the stock in a research report on Wednesday, August 9th. UBS AG reiterated a “buy” rating on shares of Vodafone Group in a report on Friday, October 27th. BidaskClub lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Zacks Investment Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Goldman Sachs Group Inc reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.14.
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About Vodafone Group
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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