Oppenheimer & Co. Inc. Acquires 864,924 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Oppenheimer & Co. Inc. increased its position in shares of Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 1,119.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 942,179 shares of the cell phone carrier's stock after acquiring an additional 864,924 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Vodafone Group Public were worth $9,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Vodafone Group Public by 116.7% in the second quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier's stock worth $35,000 after purchasing an additional 2,102 shares in the last quarter. Asset Dedication LLC lifted its position in Vodafone Group Public by 630.9% in the 2nd quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier's stock worth $41,000 after buying an additional 4,000 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Vodafone Group Public by 1,493.2% during the 3rd quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier's stock valued at $47,000 after buying an additional 4,405 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Vodafone Group Public in the first quarter worth $46,000. Finally, CENTRAL TRUST Co raised its holdings in shares of Vodafone Group Public by 37.8% during the third quarter. CENTRAL TRUST Co now owns 5,516 shares of the cell phone carrier's stock worth $55,000 after acquiring an additional 1,513 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on VOD shares. UBS Group cut Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, August 5th. StockNews.com raised Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Vodafone Group Public Trading Down 0.8 %

NASDAQ VOD traded down $0.07 during trading on Thursday, reaching $8.68. 6,345,656 shares of the company traded hands, compared to its average volume of 6,147,238. Vodafone Group Public Limited has a 1-year low of $8.02 and a 1-year high of $10.39. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. The stock's 50 day moving average price is $9.71 and its two-hundred day moving average price is $9.39.

Vodafone Group Public Cuts Dividend

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

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.