JPMorgan Chase & Co. Raises Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

JPMorgan Chase & Co. boosted its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 177.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,356,455 shares of the cell phone carrier’s stock after purchasing an additional 2,145,085 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Vodafone Group Public worth $33,632,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Asset Dedication LLC lifted its holdings 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 during the period. Trust Co. of Vermont increased its position in shares of 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 valued at $47,000 after buying an additional 4,405 shares during the period. CENTRAL TRUST Co raised its stake in Vodafone Group Public by 37.8% in the third quarter. CENTRAL TRUST Co now owns 5,516 shares of the cell phone carrier’s stock worth $55,000 after buying an additional 1,513 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Vodafone Group Public by 79.9% in the third quarter. GAMMA Investing LLC now owns 7,023 shares of the cell phone carrier’s stock worth $70,000 after buying an additional 3,120 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Vodafone Group Public by 110.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,871 shares of the cell phone carrier’s stock valued at $96,000 after acquiring an additional 5,706 shares in the last quarter. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Price Performance

Shares of NASDAQ:VOD opened at $8.47 on Tuesday. Vodafone Group Public Limited has a 1-year low of $8.02 and a 1-year high of $10.39. The company has a market capitalization of $21.84 billion, a PE ratio of 8.07, a PEG ratio of 0.61 and a beta of 0.77. The business has a fifty day moving average price of $8.82 and a 200-day moving average price of $9.28. 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 Cuts Dividend

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

Analysts Set New Price Targets

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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Vodafone Group Public presently has a consensus 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.