Vodafone Group PLC (VOD) Position Increased by Marble Harbor Investment Counsel LLC
Marble Harbor Investment Counsel LLC increased its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 286,082 shares of the cell phone carrier’s stock after buying an additional 22,923 shares during the period. Vodafone Group PLC accounts for approximately 1.7% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 22nd biggest position. Marble Harbor Investment Counsel LLC’s holdings in Vodafone Group PLC were worth $8,142,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of VOD. Geode Capital Management LLC raised its stake in Vodafone Group PLC by 8.9% during the 1st quarter. Geode Capital Management LLC now owns 286,835 shares of the cell phone carrier’s stock valued at $7,581,000 after purchasing an additional 23,448 shares during the last quarter. BlackRock Inc. raised its stake in Vodafone Group PLC by 8,534.1% during the 1st quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock valued at $114,716,000 after purchasing an additional 4,290,072 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Vodafone Group PLC during the 2nd quarter valued at $282,000. Bank of Montreal Can raised its stake in Vodafone Group PLC by 26.8% during the 2nd quarter. Bank of Montreal Can now owns 428,247 shares of the cell phone carrier’s stock valued at $12,304,000 after purchasing an additional 90,439 shares during the last quarter. Finally, Chemung Canal Trust Co. acquired a new position in shares of Vodafone Group PLC in the 2nd quarter valued at $265,000. 10.00% of the stock is owned by institutional investors and hedge funds.
VOD has been the subject of a number of recent research reports. BidaskClub cut shares of Vodafone Group PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Zacks Investment Research lowered shares of Vodafone Group PLC from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. UBS AG reaffirmed a “buy” rating on shares of Vodafone Group PLC in a report on Friday, October 27th. Bank of America Corporation raised shares of Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 target price on the stock in a report on Wednesday, August 9th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Vodafone Group PLC in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Vodafone Group PLC currently has a consensus rating of “Hold” and a consensus price target of $31.52.
Shares of Vodafone Group PLC (NASDAQ VOD) traded up $0.22 during trading hours on Thursday, reaching $30.70. 10,866,300 shares of the company’s stock were exchanged, compared to its average volume of 3,910,112. Vodafone Group PLC has a 12-month low of $24.17 and a 12-month high of $30.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 1.01.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, November 24th will be issued a dividend of $0.5642 per share. This represents a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Vodafone Group PLC’s dividend payout ratio is currently -443.24%.
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Vodafone Group PLC Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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