Range Financial Group LLC Invests $185,000 in Vodafone Group Public Limited (NASDAQ:VOD)

Range Financial Group LLC bought a new stake in Vodafone Group Public Limited (NASDAQ:VOD) in the fourth quarter, HoldingsChannel reports. The fund bought 21,746 shares of the cell phone carrier’s stock, valued at approximately $185,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VOD. Mediolanum International Funds Ltd purchased a new stake in shares of Vodafone Group Public during the 3rd quarter valued at $82,716,000. Oppenheimer Asset Management Inc. grew its position in Vodafone Group Public by 9.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,984,642 shares of the cell phone carrier’s stock valued at $44,214,000 after acquiring an additional 435,877 shares during the period. Bank of Montreal Can increased its stake in Vodafone Group Public by 12.4% during 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 acquiring an additional 472,537 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vodafone Group Public by 177.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after purchasing an additional 2,145,085 shares in the last quarter. Finally, Goldentree Asset Management LP grew its holdings in shares of Vodafone Group Public by 1.9% during the 3rd quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier’s stock worth $32,898,000 after purchasing an additional 60,943 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Trading Down 0.7 %

Shares of VOD opened at $8.41 on Wednesday. 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 12 month low of $8.02 and a 12 month high of $10.39. The stock has a market cap of $21.68 billion, a PE ratio of 8.01, a P/E/G ratio of 0.61 and a beta of 0.77. The stock’s 50-day moving average is $8.80 and its two-hundred day moving average is $9.27.

Vodafone Group Public Cuts Dividend

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

Wall Street Analyst Weigh In

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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Vodafone Group Public has an average rating of “Moderate Buy”.

Vodafone Group Public Company 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.