Moors & Cabot Inc. Purchases 28,790 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Moors & Cabot Inc. raised its position in Vodafone Group Public Limited (NASDAQ:VOD) by 34.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 112,538 shares of the cell phone carrier’s stock after acquiring an additional 28,790 shares during the period. Moors & Cabot Inc.’s holdings in Vodafone Group Public were worth $1,128,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ACR Alpine Capital Research LLC lifted its position in Vodafone Group Public by 1.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 21,870,016 shares of the cell phone carrier’s stock valued at $193,987,000 after acquiring an additional 261,060 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in Vodafone Group Public in the 3rd quarter valued at $82,716,000. Oppenheimer Asset Management Inc. increased 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 worth $44,214,000 after buying an additional 435,877 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Vodafone Group Public by 445.7% during the 2nd quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock worth $34,055,000 after purchasing an additional 3,107,734 shares during the last quarter. Finally, Hsbc Holdings PLC raised 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 valued at $26,786,000 after buying an additional 2,346,815 shares during the period. Institutional investors own 7.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on VOD shares. UBS Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vodafone Group Public currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

Shares of VOD stock opened at $8.85 on Friday. The firm has a fifty day moving average price of $9.57 and a 200-day moving average price of $9.39. Vodafone Group Public Limited has a 1 year low of $8.02 and a 1 year high of $10.39. 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 Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 8%.

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.