Vodafone Group Public Limited (NASDAQ:VOD) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 419,736 shares of the cell phone carrier's stock after selling 151,897 shares during the quarter. Ritholtz Wealth Management's holdings in Vodafone Group Public were worth $3,564,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Stifel Financial Corp lifted its position in Vodafone Group Public by 34.9% in the third quarter. Stifel Financial Corp now owns 778,068 shares of the cell phone carrier's stock valued at $7,796,000 after buying an additional 201,360 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Vodafone Group Public by 1,119.6% in the third quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier's stock valued at $9,441,000 after purchasing an additional 864,924 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Vodafone Group Public during the third quarter worth $7,482,000. Goldentree Asset Management LP raised its holdings in shares of Vodafone Group Public by 1.9% in the 3rd quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier's stock valued at $32,898,000 after buying an additional 60,943 shares during the period. Finally, Clifford Capital Partners LLC boosted its holdings in Vodafone Group Public by 30.1% during the 2nd quarter. Clifford Capital Partners LLC now owns 2,012,210 shares of the cell phone carrier's stock valued at $17,848,000 after acquiring an additional 465,802 shares during the period. Hedge funds and other institutional investors own 7.84% of the company's stock.

Vodafone Group Public Stock Performance

NASDAQ:VOD 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 6,708,744. The business's 50-day simple moving average is $8.65 and its two-hundred day simple moving average is $9.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. Vodafone Group Public Limited has a 52-week low of $8.02 and a 52-week high of $10.39. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.55 and a beta of 0.77.

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 is Friday, November 22nd. Vodafone Group Public's dividend payout ratio is presently 37.50%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.