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

Royal Bank of Canada lowered its position in Vodafone Group Public Limited (NASDAQ:VOD) by 27.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,957,023 shares of the cell phone carrier’s stock after selling 1,132,340 shares during the quarter. Royal Bank of Canada’s holdings in Vodafone Group Public were worth $25,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Vodafone Group Public by 63.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock worth $41,000 after buying an additional 1,899 shares during the last quarter. GeoWealth Management LLC lifted its position 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 worth $44,000 after buying an additional 3,733 shares during the last quarter. CoreCap Advisors LLC lifted its position 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 worth $58,000 after buying an additional 5,709 shares during the last quarter. Parkside Financial Bank & Trust lifted its position 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 worth $61,000 after buying an additional 6,500 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Vodafone Group Public during the 4th quarter worth about $89,000. 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 $10.47 on Friday. Vodafone Group Public Limited has a 12-month low of $8.00 and a 12-month high of $10.60. 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 firm has a market capitalization of $26.14 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 0.66 and a beta of 0.61. The stock’s 50-day moving average price is $9.32 and its 200 day moving average price is $8.91.

Vodafone Group Public Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.2355 per share. 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 is 39.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Wall Street Zen raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Monday, May 19th. Bank of America cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Vodafone Group Public currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public 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.