Pitcairn Co. Raises Position in Vodafone Group Public Limited (NASDAQ:VOD)

Pitcairn Co. grew its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,432 shares of the cell phone carrier’s stock after purchasing an additional 1,458 shares during the period. Pitcairn Co.’s holdings in Vodafone Group Public were worth $155,000 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. GAMMA Investing LLC increased its position in shares of Vodafone Group Public by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 2,102 shares during the period. Asset Dedication LLC increased its position in shares of Vodafone Group Public by 630.9% in the 2nd quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock valued at $41,000 after acquiring an additional 4,000 shares during the period. Trust Co. of Vermont increased its position in shares of Vodafone Group Public by 1,493.2% in the 3rd quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock valued at $47,000 after acquiring an additional 4,405 shares during the period. CENTRAL TRUST Co increased its position in shares of Vodafone Group Public by 37.8% in the 3rd quarter. CENTRAL TRUST Co now owns 5,516 shares of the cell phone carrier’s stock valued at $55,000 after acquiring an additional 1,513 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of Vodafone Group Public in the 2nd quarter valued at $49,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Stock Up 1.2 %

VOD stock opened at $8.97 on Friday. The company’s 50-day simple moving average is $9.44 and its 200-day simple moving average is $9.40. 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 52-week low of $8.02 and a 52-week high of $10.39.

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 paid a dividend of $0.2423 per share. This represents a dividend yield of 8%. The ex-dividend date is Friday, November 22nd.

Analysts Set New Price Targets

VOD has been the topic of several analyst reports. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. UBS Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently 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.