HighTower Advisors LLC Has $4.09 Million Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

HighTower Advisors LLC grew its position in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 407,898 shares of the cell phone carrier's stock after purchasing an additional 71,695 shares during the period. HighTower Advisors LLC's holdings in Vodafone Group Public were worth $4,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new position in Vodafone Group Public during the second quarter valued at about $143,000. 180 Wealth Advisors LLC lifted its holdings in shares of Vodafone Group Public by 15.1% during the second quarter. 180 Wealth Advisors LLC now owns 33,052 shares of the cell phone carrier's stock valued at $304,000 after acquiring an additional 4,340 shares during the period. Welch Group LLC acquired a new position in Vodafone Group Public in the second quarter valued at about $91,000. Old Port Advisors grew its stake in Vodafone Group Public by 4.4% during the second quarter. Old Port Advisors now owns 197,419 shares of the cell phone carrier's stock worth $1,751,000 after buying an additional 8,314 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Vodafone Group Public by 45.5% during the second quarter. Blue Trust Inc. now owns 9,386 shares of the cell phone carrier's stock worth $84,000 after buying an additional 2,935 shares in the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday. StockNews.com upgraded Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Vodafone Group Public currently has an average rating of "Moderate Buy".

Vodafone Group Public Trading Down 1.0 %

VOD stock traded down $0.09 during midday trading on Thursday, reaching $8.68. The company's stock had a trading volume of 5,358,075 shares, compared to its average volume of 6,185,090. The business's 50-day simple moving average is $9.24 and its 200-day simple moving average is $9.37. The company has a quick ratio of 1.34, a current ratio of 1.37 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 stock has a market cap of $22.38 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 0.67 and a beta of 0.77.

Vodafone Group Public Cuts Dividend

The company 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. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 8%. Vodafone Group Public's dividend payout ratio is 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.