Goldentree Asset Management LP Raises Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Goldentree Asset Management LP raised its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 1.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,283,292 shares of the cell phone carrier’s stock after purchasing an additional 60,943 shares during the period. Vodafone Group Public accounts for 2.6% of Goldentree Asset Management LP’s portfolio, making the stock its 14th largest position. Goldentree Asset Management LP’s holdings in Vodafone Group Public were worth $32,898,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VOD. ACR Alpine Capital Research LLC grew its position in Vodafone Group Public by 1.2% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 21,870,016 shares of the cell phone carrier’s stock valued at $193,987,000 after purchasing an additional 261,060 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Vodafone Group Public in the third quarter worth approximately $82,716,000. Oppenheimer Asset Management Inc. increased 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 acquiring an additional 435,877 shares in the last quarter. Bank of Montreal Can raised its holdings in Vodafone Group Public by 12.4% in the 3rd quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier’s stock worth $43,161,000 after acquiring an additional 472,537 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Vodafone Group Public by 345.2% in the 2nd quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock valued at $26,786,000 after acquiring an additional 2,346,815 shares in the last quarter. 7.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on VOD shares. UBS Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Vodafone Group Public Trading Up 1.2 %

Shares of VOD stock opened at $8.97 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. The firm’s 50 day moving average is $9.44 and its 200 day moving average is $9.40. Vodafone Group Public Limited has a 12-month low of $8.02 and a 12-month high of $10.39.

Vodafone Group Public Cuts Dividend

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

About Vodafone Group Public

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.