Kathmere Capital Management LLC Sells 18,055 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Kathmere Capital Management LLC reduced its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 39.5% during the 4th quarter, Holdings Channel reports. The fund owned 27,608 shares of the cell phone carrier’s stock after selling 18,055 shares during the quarter. Kathmere Capital Management LLC’s holdings in Vodafone Group Public were worth $234,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mediolanum International Funds Ltd acquired a new position in Vodafone Group Public in the third quarter worth $82,716,000. Bank of Montreal Can lifted its position in Vodafone Group Public by 12.4% during 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 buying an additional 472,537 shares in the last quarter. JPMorgan Chase & Co. increased its position in Vodafone Group Public by 177.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after acquiring an additional 2,145,085 shares in the last quarter. Goldentree Asset Management LP raised its stake in shares of Vodafone Group Public by 1.9% in the third quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier’s stock worth $32,898,000 after acquiring an additional 60,943 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Vodafone Group Public by 345.2% during the second quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after purchasing an additional 2,346,815 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Price Performance

Shares of NASDAQ:VOD opened at $8.48 on Friday. 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 Limited has a 1-year low of $8.02 and a 1-year high of $10.39. The business has a 50-day moving average price of $8.67 and a two-hundred day moving average price of $9.24.

Vodafone Group Public Cuts Dividend

The firm 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 8%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.