JPMorgan Chase & Co. Increases Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

JPMorgan Chase & Co. raised its position in Vodafone Group Public Limited (NASDAQ:VOD) by 177.1% during the third quarter, Holdings Channel reports. The fund owned 3,356,455 shares of the cell phone carrier’s stock after acquiring an additional 2,145,085 shares during the period. JPMorgan Chase & Co.’s holdings in Vodafone Group Public were worth $33,632,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mediolanum International Funds Ltd bought a new position in Vodafone Group Public in the 3rd quarter worth $82,716,000. Oppenheimer Asset Management Inc. grew its position in shares of Vodafone Group Public by 9.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,984,642 shares of the cell phone carrier’s stock valued at $44,214,000 after purchasing an additional 435,877 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Vodafone Group Public by 12.4% in the third quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier’s stock worth $43,161,000 after purchasing an additional 472,537 shares during the last quarter. Goldentree Asset Management LP boosted its position in shares of Vodafone Group Public by 1.9% during the 3rd quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier’s stock valued at $32,898,000 after acquiring an additional 60,943 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Vodafone Group Public by 345.2% in the second quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock valued at $26,786,000 after purchasing an additional 2,346,815 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Two equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

NASDAQ:VOD opened at $8.47 on Tuesday. The stock’s fifty day moving average is $8.82 and its 200 day moving average is $9.28. The firm has a market capitalization of $21.84 billion, a PE ratio of 8.07, a PEG ratio of 0.61 and a beta of 0.77. 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 Limited has a fifty-two week low of $8.02 and a fifty-two week high of $10.39.

Vodafone Group Public Cuts Dividend

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

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.