US Bancorp DE Lowers Stake in Vodafone Group Public Limited (NASDAQ:VOD)

US Bancorp DE reduced its holdings in shares of Vodafone Group Public Limited (NASDAQ:VODGet Rating) by 37.2% in the third quarter, HoldingsChannel reports. The fund owned 40,718 shares of the cell phone carrier’s stock after selling 24,134 shares during the period. US Bancorp DE’s holdings in Vodafone Group Public were worth $461,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in Vodafone Group Public in the second quarter worth about $26,000. Hexagon Capital Partners LLC purchased a new position in shares of Vodafone Group Public during the second quarter valued at approximately $29,000. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Vodafone Group Public by 405.8% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,932 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,550 shares during the last quarter. CX Institutional purchased a new position in shares of Vodafone Group Public during the second quarter valued at approximately $34,000. Finally, Wipfli Financial Advisors LLC purchased a new position in shares of Vodafone Group Public during the third quarter valued at approximately $44,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Public Price Performance

VOD opened at $11.45 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.04. The company has a 50 day simple moving average of $10.84 and a two-hundred day simple moving average of $12.34. Vodafone Group Public Limited has a 1-year low of $9.94 and a 1-year high of $19.05.

Vodafone Group Public Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, February 3rd. Investors of record on Friday, November 25th will be given a dividend of $0.4483 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a dividend yield of 7.6%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Monday, November 14th. JPMorgan Chase & Co. cut their target price on shares of Vodafone Group Public from GBX 120 ($1.46) to GBX 100 ($1.22) in a research report on Friday, December 2nd. Bank of America upgraded shares of Vodafone Group Public from a “neutral” rating to a “buy” rating in a research report on Thursday, January 12th. Berenberg Bank cut their target price on shares of Vodafone Group Public from GBX 115 ($1.40) to GBX 100 ($1.22) in a research report on Monday, January 9th. Finally, Barclays boosted their target price on shares of Vodafone Group Public from GBX 110 ($1.34) to GBX 115 ($1.40) in a research report on Thursday, January 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Vodafone Group Public currently has an average rating of “Hold” and an average target price of $138.29.

Vodafone Group Public Profile

(Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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Institutional Ownership by Quarter for Vodafone Group Public (NASDAQ:VOD)

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