Empirical Asset Management LLC Buys Shares of 126,191 Vodafone Group Public Limited (NASDAQ:VOD)

Empirical Asset Management LLC purchased a new position in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 126,191 shares of the cell phone carrier's stock, valued at approximately $1,071,000.

A number of other hedge funds have also recently modified their holdings of the business. Mediolanum International Funds Ltd purchased a new position in Vodafone Group Public during the third quarter valued at $82,716,000. Bank of Montreal Can raised its holdings in Vodafone Group Public by 12.4% during the third quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier's stock valued at $43,161,000 after acquiring an additional 472,537 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Vodafone Group Public by 177.1% in the third 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 grew its position in shares of Vodafone Group Public by 1.9% during 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 purchasing an additional 60,943 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Vodafone Group Public by 345.2% during 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 purchasing an additional 2,346,815 shares during the period. Institutional investors own 7.84% of the company's stock.

Vodafone Group Public Price Performance

Vodafone Group Public stock remained flat at $8.48 during midday trading on Friday. The company had a trading volume of 7,122,183 shares, compared to its average volume of 6,093,941. 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 52 week low of $8.02 and a 52 week high of $10.39. The business's 50 day moving average price is $8.63 and its two-hundred day moving average price is $9.24.

Vodafone Group Public Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

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.