Range Financial Group LLC Acquires New Shares in Vodafone Group Public Limited (NASDAQ:VOD)

Range Financial Group LLC bought a new position in shares of Vodafone Group Public Limited (NASDAQ:VOD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,746 shares of the cell phone carrier’s stock, valued at approximately $185,000.

A number of other hedge funds have also made changes to their positions in VOD. Asset Dedication LLC grew its stake in Vodafone Group Public by 630.9% in the 2nd quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock valued at $41,000 after acquiring an additional 4,000 shares during the last quarter. Trust Co. of Vermont grew its position in shares of Vodafone Group Public by 1,493.2% in the third quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock valued at $47,000 after purchasing an additional 4,405 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Vodafone Group Public by 37.8% during the 3rd quarter. CENTRAL TRUST Co now owns 5,516 shares of the cell phone carrier’s stock worth $55,000 after purchasing an additional 1,513 shares in the last quarter. GAMMA Investing LLC lifted its stake in Vodafone Group Public by 79.9% in the 3rd quarter. GAMMA Investing LLC now owns 7,023 shares of the cell phone carrier’s stock valued at $70,000 after buying an additional 3,120 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in Vodafone Group Public by 627.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,651 shares of the cell phone carrier’s stock valued at $97,000 after buying an additional 8,324 shares during the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Vodafone Group Public Stock Performance

NASDAQ:VOD opened at $8.41 on Wednesday. Vodafone Group Public Limited has a 1-year low of $8.02 and a 1-year high of $10.39. The firm has a 50 day simple moving average of $8.80 and a 200-day simple moving average of $9.27. The firm has a market cap of $21.68 billion, a PE ratio of 8.01, a P/E/G ratio of 0.61 and a beta of 0.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34.

Vodafone Group Public Cuts Dividend

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