Vodafone Group Public Limited (NASDAQ:VOD) Stake Reduced by Royal Bank of Canada

Royal Bank of Canada decreased its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 27.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,957,023 shares of the cell phone carrier’s stock after selling 1,132,340 shares during the period. Royal Bank of Canada owned approximately 0.12% of Vodafone Group Public worth $25,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Vodafone Group Public by 63.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock valued at $41,000 after purchasing an additional 1,899 shares during the last quarter. GeoWealth Management LLC increased its holdings in shares of Vodafone Group Public by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock valued at $44,000 after buying an additional 3,733 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Vodafone Group Public by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier’s stock valued at $58,000 after buying an additional 5,709 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Vodafone Group Public by 912.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock valued at $61,000 after buying an additional 6,500 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Vodafone Group Public by 84.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 10,598 shares of the cell phone carrier’s stock valued at $87,000 after buying an additional 4,846 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Stock Performance

Shares of NASDAQ VOD opened at $10.47 on Friday. The business’s 50-day moving average price is $9.32 and its two-hundred day moving average price is $8.91. 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 $8.00 and a one year high of $10.60. The company has a market capitalization of $26.14 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.66 and a beta of 0.61.

Vodafone Group Public Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 6th will be paid a $0.2355 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a yield of 6.6%. Vodafone Group Public’s dividend payout ratio (DPR) is currently 39.47%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VOD. Wall Street Zen raised Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Monday, May 19th. DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. Finally, Bank of America downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Vodafone Group Public presently 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.