Fisher Asset Management LLC Takes Position in Vodafone Group Public Limited (NASDAQ:VOD)

Fisher Asset Management LLC acquired a new position in Vodafone Group Public Limited (NASDAQ:VOD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,064 shares of the cell phone carrier’s stock, valued at approximately $171,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC boosted its stake in shares of Vodafone Group Public by 1.2% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 21,870,016 shares of the cell phone carrier’s stock worth $193,987,000 after acquiring an additional 261,060 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in Vodafone Group Public during the third quarter worth approximately $82,716,000. Oppenheimer Asset Management Inc. grew its holdings 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 purchasing an additional 435,877 shares during the last quarter. Bank of Montreal Can raised its position in shares of Vodafone Group Public by 445.7% in the second quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock valued at $34,055,000 after purchasing an additional 3,107,734 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Vodafone Group Public by 345.2% in the second quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after buying an additional 2,346,815 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Price Performance

NASDAQ:VOD opened at $8.97 on Monday. 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 one year low of $8.02 and a one year high of $10.39. The company has a fifty day moving average price of $9.41 and a 200 day moving average price of $9.40. The stock has a market cap of $23.38 billion, a P/E ratio of 8.54, a PEG ratio of 0.65 and a beta of 0.77.

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 given a dividend of $0.2423 per share. This represents a dividend yield of 8%. The ex-dividend date of this dividend is Friday, November 22nd. Vodafone Group Public’s dividend payout ratio is currently 42.86%.

Wall Street Analyst Weigh In

VOD has been the topic of several recent analyst reports. UBS Group downgraded shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.