Wealth Enhancement Advisory Services LLC Boosts Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

Wealth Enhancement Advisory Services LLC lifted its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,113 shares of the cell phone carrier’s stock after acquiring an additional 2,718 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Vodafone Group Public were worth $349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mediolanum International Funds Ltd purchased a new stake in Vodafone Group Public in the 3rd quarter worth approximately $82,716,000. Bank of Montreal Can increased its holdings in shares of Vodafone Group Public by 12.4% in the third quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier’s stock worth $43,161,000 after purchasing an additional 472,537 shares during the period. JPMorgan Chase & Co. boosted its stake in Vodafone Group Public by 177.1% during the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after buying an additional 2,145,085 shares during the period. Goldentree Asset Management LP grew its position in Vodafone Group Public by 1.9% during the third quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier’s stock worth $32,898,000 after buying an additional 60,943 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Vodafone Group Public by 345.2% in the 2nd quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after acquiring an additional 2,346,815 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Stock Performance

Vodafone Group Public stock opened at $8.48 on Friday. Vodafone Group Public Limited has a fifty-two week low of $8.02 and a fifty-two week high of $10.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. The stock has a market cap of $21.48 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 0.55 and a beta of 0.77. The firm’s fifty day moving average price is $8.65 and its 200-day moving average price is $9.24.

Vodafone Group Public Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Shareholders 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 yield of 8%. Vodafone Group Public’s payout ratio is 37.50%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.