Charles Schwab Investment Management Inc. Buys 31,827 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Charles Schwab Investment Management Inc. grew its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 25.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,023 shares of the cell phone carrier’s stock after buying an additional 31,827 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vodafone Group Public were worth $1,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VOD. Mediolanum International Funds Ltd purchased a new stake in shares of Vodafone Group Public in the third quarter worth $82,716,000. Bank of Montreal Can boosted its holdings in Vodafone Group Public by 445.7% in the 2nd quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock worth $34,055,000 after buying an additional 3,107,734 shares during the period. Hsbc Holdings PLC grew its holdings in 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 valued at $26,786,000 after buying an additional 2,346,815 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Vodafone Group Public by 1,119.6% during 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 in the last quarter. Finally, Clifford Capital Partners LLC grew its holdings in shares of Vodafone Group Public by 30.1% in the second quarter. Clifford Capital Partners LLC now owns 2,012,210 shares of the cell phone carrier’s stock valued at $17,848,000 after purchasing an additional 465,802 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Stock Down 1.4 %

Shares of VOD opened at $8.57 on Tuesday. Vodafone Group Public Limited has a 52-week low of $8.02 and a 52-week high of $10.39. The company has a market capitalization of $22.09 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 0.61 and a beta of 0.77. The stock has a fifty day simple moving average of $9.18 and a two-hundred day simple moving average of $9.35. 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 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 issued 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%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VOD. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.