Goldentree Asset Management LP Purchases 60,943 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Goldentree Asset Management LP increased its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 quarter. Vodafone Group Public accounts for 2.6% of Goldentree Asset Management LP's portfolio, making the stock its 14th biggest holding. Goldentree Asset Management LP owned about 0.13% of Vodafone Group Public worth $32,898,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mediolanum International Funds Ltd bought a new position in shares of Vodafone Group Public in the 3rd quarter worth approximately $82,716,000. Bank of Montreal Can raised its position in Vodafone Group Public by 445.7% in the second quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier's stock worth $34,055,000 after acquiring an additional 3,107,734 shares during the period. Hsbc Holdings PLC boosted its stake in shares of 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 worth $26,786,000 after acquiring an additional 2,346,815 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Vodafone Group Public by 1,119.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier's stock worth $9,441,000 after purchasing an additional 864,924 shares in the last quarter. Finally, Clifford Capital Partners LLC raised its holdings in Vodafone Group Public by 30.1% in the 2nd quarter. Clifford Capital Partners LLC now owns 2,012,210 shares of the cell phone carrier's stock worth $17,848,000 after purchasing an additional 465,802 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VOD has been the topic of several recent research reports. StockNews.com raised Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, August 30th. UBS Group cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Vodafone Group Public presently has a consensus rating of "Moderate Buy".

Vodafone Group Public Price Performance

VOD remained flat at $8.97 on Friday. The company had a trading volume of 5,351,497 shares, compared to its average volume of 6,145,106. The firm has a 50 day simple moving average of $9.41 and a 200 day simple moving average of $9.40. 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.

Vodafone Group Public Cuts Dividend

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

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.