Connor Clark & Lunn Investment Management Ltd. Raises Stock Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 46.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,639 shares of the cell phone carrier’s stock after acquiring an additional 50,000 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Vodafone Group Public were worth $1,580,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vicus Capital grew its holdings in Vodafone Group Public by 10.0% during the 2nd quarter. Vicus Capital now owns 12,629 shares of the cell phone carrier’s stock valued at $112,000 after buying an additional 1,144 shares in the last quarter. Cohen Investment Advisors LLC increased its holdings in Vodafone Group Public by 4.4% in the 2nd quarter. Cohen Investment Advisors LLC now owns 27,092 shares of the cell phone carrier’s stock valued at $257,000 after acquiring an additional 1,148 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Vodafone Group Public by 7.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,072 shares of the cell phone carrier’s stock valued at $171,000 after purchasing an additional 1,204 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of Vodafone Group Public by 3.0% during the 2nd quarter. Profund Advisors LLC now owns 46,497 shares of the cell phone carrier’s stock valued at $412,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Pacific Center for Financial Services increased its holdings in shares of Vodafone Group Public by 17.4% in the first quarter. Pacific Center for Financial Services now owns 9,199 shares of the cell phone carrier’s stock worth $82,000 after purchasing an additional 1,361 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Down 0.6 %

Shares of VOD stock opened at $8.86 on Wednesday. Vodafone Group Public Limited has a 1 year low of $8.02 and a 1 year high of $10.39. The stock’s 50 day simple moving average is $9.48 and its two-hundred day simple moving average is $9.41. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37.

Vodafone Group Public Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Investors of record on Friday, November 22nd will be given a $0.2423 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 8%.

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.