Ameriprise Financial Inc. Boosts Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Ameriprise Financial Inc. raised its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 905,184 shares of the cell phone carrier’s stock after purchasing an additional 22,695 shares during the period. Ameriprise Financial Inc.’s holdings in Vodafone Group Public were worth $7,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VOD. Barclays PLC boosted its stake in Vodafone Group Public by 57,500.0% in the 4th quarter. Barclays PLC now owns 29,952 shares of the cell phone carrier’s stock worth $254,000 after purchasing an additional 29,900 shares in the last quarter. Lester Murray Antman dba SimplyRich purchased a new position in shares of Vodafone Group Public in the fourth quarter worth $295,000. Atria Investments Inc lifted its stake in shares of Vodafone Group Public by 8.7% during the fourth quarter. Atria Investments Inc now owns 842,286 shares of the cell phone carrier’s stock worth $7,151,000 after buying an additional 67,086 shares during the period. Allworth Financial LP grew its holdings in shares of Vodafone Group Public by 9.0% during the fourth quarter. Allworth Financial LP now owns 27,103 shares of the cell phone carrier’s stock valued at $227,000 after buying an additional 2,246 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Vodafone Group Public by 16.1% in the 4th quarter. Park Avenue Securities LLC now owns 31,173 shares of the cell phone carrier’s stock valued at $265,000 after acquiring an additional 4,332 shares during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VOD shares. Bank of America downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, March 24th. StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Monday. DZ Bank raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Vodafone Group Public in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

Shares of VOD stock opened at $10.42 on Thursday. Vodafone Group Public Limited has a 52-week low of $8.00 and a 52-week high of $10.51. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. The stock has a market cap of $26.01 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.66 and a beta of 0.61. The business has a 50-day simple moving average of $9.30 and a 200-day simple moving average of $8.90.

Vodafone Group Public Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 6th will be issued a $0.2355 dividend. This represents a yield of 6.6%. The ex-dividend date is Friday, June 6th. Vodafone Group Public’s payout ratio is presently 39.47%.

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.