Euro Pacific Asset Management LLC Sells 2,284 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Euro Pacific Asset Management LLC decreased its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 4.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 49,580 shares of the cell phone carrier’s stock after selling 2,284 shares during the period. Euro Pacific Asset Management LLC’s holdings in Vodafone Group Public were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mediolanum International Funds Ltd bought a new stake in Vodafone Group Public in the third quarter valued at $82,716,000. Bank of Montreal Can boosted its stake in shares of Vodafone Group Public by 445.7% in the 2nd quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock valued at $34,055,000 after purchasing an additional 3,107,734 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Vodafone Group Public by 345.2% during the 2nd quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after purchasing an additional 2,346,815 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings 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 valued at $9,441,000 after purchasing an additional 864,924 shares during the last quarter. Finally, Clifford Capital Partners LLC grew its stake in Vodafone Group Public by 30.1% during the second quarter. Clifford Capital Partners LLC now owns 2,012,210 shares of the cell phone carrier’s stock worth $17,848,000 after buying an additional 465,802 shares during the last quarter. 7.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VOD has been the topic of a number of research analyst reports. UBS Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Up 1.0 %

NASDAQ:VOD opened at $8.77 on Friday. The company has a market cap of $22.93 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 0.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.29 and a current ratio of 1.37. The stock’s fifty day moving average price is $9.65 and its two-hundred day moving average price is $9.38. Vodafone Group Public Limited has a 52-week low of $8.02 and a 52-week high of $10.39.

Vodafone Group Public Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Investors of record on Friday, November 22nd will be issued a $0.2423 dividend. This represents a yield of 8%. The ex-dividend date of this dividend is Friday, November 22nd. Vodafone Group Public’s dividend payout ratio is 44.12%.

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.