Geode Capital Management LLC Trims Stock Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Geode Capital Management LLC trimmed its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 19.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 437,645 shares of the cell phone carrier’s stock after selling 108,078 shares during the quarter. Geode Capital Management LLC’s holdings in Vodafone Group Public were worth $4,385,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. M&T Bank Corp raised its position in shares of Vodafone Group Public by 16.3% during the 3rd quarter. M&T Bank Corp now owns 23,238 shares of the cell phone carrier’s stock valued at $233,000 after buying an additional 3,262 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Vodafone Group Public during the 3rd quarter valued at approximately $127,000. Orion Portfolio Solutions LLC lifted its holdings in Vodafone Group Public by 18.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,336 shares of the cell phone carrier’s stock worth $134,000 after buying an additional 2,123 shares during the period. Stifel Financial Corp increased its stake in shares of Vodafone Group Public by 34.9% during the third quarter. Stifel Financial Corp now owns 778,068 shares of the cell phone carrier’s stock valued at $7,796,000 after buying an additional 201,360 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of Vodafone Group Public by 26.1% during the third quarter. Quantinno Capital Management LP now owns 212,543 shares of the cell phone carrier’s stock valued at $2,130,000 after buying an additional 44,005 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Vodafone Group Public Trading Down 0.5 %

Vodafone Group Public stock opened at $8.47 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. Vodafone Group Public Limited has a 12-month low of $8.02 and a 12-month high of $10.39. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 0.61 and a beta of 0.77. The firm has a 50 day moving average of $8.84 and a 200 day moving average of $9.28.

Vodafone Group Public Cuts Dividend

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

Vodafone Group Public 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.