Bank of Montreal Can Boosts Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Bank of Montreal Can raised its position in Vodafone Group Public Limited (NASDAQ:VOD) by 12.4% during the third quarter, HoldingsChannel.com reports. The firm owned 4,277,581 shares of the cell phone carrier’s stock after purchasing an additional 472,537 shares during the period. Bank of Montreal Can’s holdings in Vodafone Group Public were worth $43,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC grew its stake 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 worth $193,987,000 after acquiring an additional 261,060 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in Vodafone Group Public in the third quarter valued at approximately $82,716,000. Oppenheimer Asset Management Inc. boosted its stake in Vodafone Group Public by 9.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,984,642 shares of the cell phone carrier’s stock valued at $44,214,000 after acquiring an additional 435,877 shares in the last quarter. Hsbc Holdings PLC boosted its stake in 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 acquiring an additional 2,346,815 shares in the last quarter. Finally, Clifford Capital Partners LLC boosted its stake in Vodafone Group Public by 30.1% in the second quarter. Clifford Capital Partners LLC now owns 2,012,210 shares of the cell phone carrier’s stock valued at $17,848,000 after acquiring an additional 465,802 shares in the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Public Trading Up 1.2 %

NASDAQ VOD opened at $8.97 on Friday. The company has a fifty day simple moving average of $9.44 and a two-hundred day simple moving average of $9.40. Vodafone Group Public Limited has a 12-month low of $8.02 and a 12-month high of $10.39. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

Vodafone Group Public Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, November 22nd will be issued a $0.2423 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 8%.

Analyst Ratings Changes

Several brokerages have weighed in on VOD. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. UBS Group downgraded shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.