Old Port Advisors Sells 11,723 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Old Port Advisors decreased its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 6.0% in the fourth quarter, Holdings Channel reports. The fund owned 184,618 shares of the cell phone carrier’s stock after selling 11,723 shares during the quarter. Old Port Advisors’ holdings in Vodafone Group Public were worth $1,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in shares of Vodafone Group Public by 87.1% in the second quarter. Bank of New York Mellon Corp now owns 80,535 shares of the cell phone carrier’s stock worth $714,000 after buying an additional 37,484 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Vodafone Group Public by 110.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,871 shares of the cell phone carrier’s stock worth $96,000 after purchasing an additional 5,706 shares during the period. Rothschild Investment LLC bought a new stake in shares of Vodafone Group Public during the second quarter worth $49,000. Natixis Advisors LLC boosted its stake in shares of Vodafone Group Public by 98.9% during the second quarter. Natixis Advisors LLC now owns 103,983 shares of the cell phone carrier’s stock valued at $922,000 after purchasing an additional 51,705 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Vodafone Group Public by 19.6% in the second quarter. Rhumbline Advisers now owns 24,549 shares of the cell phone carrier’s stock worth $218,000 after purchasing an additional 4,015 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Stock Down 0.1 %

Shares of VOD stock traded down $0.01 during mid-day trading on Thursday, hitting $8.48. The stock had a trading volume of 1,996,536 shares, compared to its average volume of 6,255,450. Vodafone Group Public Limited has a 12-month low of $8.02 and a 12-month high of $10.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. The firm’s 50-day moving average is $8.88 and its two-hundred day moving average is $9.28. The firm has a market capitalization of $21.86 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 0.61 and a beta of 0.77.

Vodafone Group Public Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vodafone Group Public currently has a consensus rating of “Moderate Buy”.

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.