First Affirmative Financial Network Buys 3,847 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

First Affirmative Financial Network increased its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,742 shares of the cell phone carrier’s stock after purchasing an additional 3,847 shares during the quarter. First Affirmative Financial Network’s holdings in Vodafone Group Public were worth $227,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mediolanum International Funds Ltd bought a new stake in Vodafone Group Public during the third quarter valued at approximately $82,716,000. JPMorgan Chase & Co. increased its stake in shares of Vodafone Group Public by 177.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock worth $33,632,000 after purchasing an additional 2,145,085 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Vodafone Group Public by 1,119.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier’s stock worth $9,441,000 after purchasing an additional 864,924 shares during the period. Bank of Montreal Can grew its holdings in Vodafone Group Public by 12.4% during the third quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier’s stock valued at $43,161,000 after purchasing an additional 472,537 shares during the period. Finally, FMR LLC increased its position in Vodafone Group Public by 12.4% in the third quarter. FMR LLC now owns 1,835,411 shares of the cell phone carrier’s stock worth $18,391,000 after buying an additional 202,339 shares in the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Public Trading Up 0.7 %

Shares of VOD stock opened at $8.61 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $8.57 and a two-hundred day simple moving average of $9.20. 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 firm also recently announced a semi-annual dividend, which will be paid on Friday, February 7th. Investors of record on Friday, November 22nd will be paid a dividend of $0.2423 per share. This represents a yield of 8%. The ex-dividend date of this dividend is Friday, November 22nd.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Vodafone Group Public

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.