Franklin Resources Inc. Has $592,000 Position in Vodafone Group Public Limited (NASDAQ:VOD)

Franklin Resources Inc. raised its position in Vodafone Group Public Limited (NASDAQ:VOD) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,125 shares of the cell phone carrier’s stock after buying an additional 2,186 shares during the quarter. Franklin Resources Inc.’s holdings in Vodafone Group Public were worth $592,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC grew its holdings in shares of Vodafone Group Public by 630.9% during the 2nd quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock worth $41,000 after purchasing an additional 4,000 shares in the last quarter. Trust Co. of Vermont grew its stake in Vodafone Group Public by 1,493.2% during the third quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock worth $47,000 after buying an additional 4,405 shares in the last quarter. Rothschild Investment LLC bought a new position in Vodafone Group Public in the 2nd quarter valued at about $49,000. CENTRAL TRUST Co lifted its holdings in shares of Vodafone Group Public by 37.8% during the 3rd 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 during the period. Finally, GAMMA Investing LLC boosted its position in shares of Vodafone Group Public by 79.9% during the 3rd quarter. GAMMA Investing LLC now owns 7,023 shares of the cell phone carrier’s stock worth $70,000 after acquiring an additional 3,120 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Stock Performance

Shares of Vodafone Group Public stock opened at $8.42 on Tuesday. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 0.61 and a beta of 0.77. 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 twelve month low of $8.02 and a twelve month high of $10.39. The company’s fifty day moving average is $8.92 and its 200 day moving average is $9.29.

Vodafone Group Public Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, February 7th. Investors of record on Friday, November 22nd will be paid a $0.2423 dividend. This represents a dividend yield of 8%. The ex-dividend date is Friday, November 22nd. Vodafone Group Public’s dividend payout ratio is currently 42.86%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Vodafone Group Public currently has an average 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.