Clean Yield Group boosted its stake in Vodafone Group Plc (NASDAQ:VOD) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 185,115 shares of the cell phone carrier’s stock after purchasing an additional 5,635 shares during the period. Vodafone Group makes up 2.3% of Clean Yield Group’s portfolio, making the stock its 7th largest position. Clean Yield Group’s holdings in Vodafone Group were worth $5,905,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. Pacer Advisors Inc. purchased a new position in shares of Vodafone Group in the second quarter worth about $161,000. Alliancebernstein L.P. increased its stake in shares of Vodafone Group by 0.3% in the second quarter. Alliancebernstein L.P. now owns 41,619 shares of the cell phone carrier’s stock worth $1,196,000 after purchasing an additional 105 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Vodafone Group by 0.7% in the second quarter. Teachers Advisors LLC now owns 478,058 shares of the cell phone carrier’s stock worth $13,735,000 after purchasing an additional 3,528 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Vodafone Group by 21.3% in the second quarter. Ameriprise Financial Inc. now owns 3,244,439 shares of the cell phone carrier’s stock worth $93,255,000 after purchasing an additional 569,025 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Vodafone Group by 24.2% in the second quarter. ProShare Advisors LLC now owns 124,374 shares of the cell phone carrier’s stock worth $3,573,000 after purchasing an additional 24,211 shares in the last quarter. 10.23% of the stock is currently owned by institutional investors and hedge funds.
VOD has been the subject of several recent research reports. Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, December 8th. UBS Group reiterated a “buy” rating on shares of Vodafone Group in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, November 17th. Goldman Sachs Group reiterated a “buy” rating on shares of Vodafone Group in a research note on Thursday, November 23rd. Finally, BidaskClub downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Vodafone Group currently has an average rating of “Buy” and a consensus price target of $32.14.
Shares of Vodafone Group Plc (VOD) traded up $0.49 during trading hours on Tuesday, reaching $31.93. 2,897,400 shares of the company traded hands, compared to its average volume of 2,535,567. The stock has a market capitalization of $84,850.00, a PE ratio of -84.03, a P/E/G ratio of 2.30 and a beta of 0.94. Vodafone Group Plc has a 12 month low of $24.31 and a 12 month high of $32.75. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, November 24th will be paid a dividend of $0.5642 per share. The ex-dividend date is Wednesday, November 22nd. This represents a yield of 3.68%. Vodafone Group’s dividend payout ratio is currently -302.63%.
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Vodafone Group Profile
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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