Geode Capital Management LLC Has $4.39 Million Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Geode Capital Management LLC cut its stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 19.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 437,645 shares of the cell phone carrier's stock after selling 108,078 shares during the period. Geode Capital Management LLC's holdings in Vodafone Group Public were worth $4,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mediolanum International Funds Ltd acquired a new position in Vodafone Group Public in the third quarter valued at about $82,716,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Vodafone Group Public by 9.6% in 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 buying an additional 435,877 shares during the last quarter. 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. Goldentree Asset Management LP grew its holdings in 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 worth $32,898,000 after acquiring an additional 60,943 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake 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 valued at $26,786,000 after purchasing an additional 2,346,815 shares during the last quarter. 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 research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned 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 Price Performance

VOD stock remained flat at $8.47 during midday trading on Monday. 6,639,972 shares of the company's stock were exchanged, compared to its average volume of 5,236,024. The stock's 50 day moving average price is $8.82 and its 200-day moving average price is $9.28. 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 1 year low of $8.02 and a 1 year high of $10.39. The stock 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.

Vodafone Group Public Cuts Dividend

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

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.