Euro Pacific Asset Management LLC Decreases Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

Euro Pacific Asset Management LLC decreased its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 55.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,938 shares of the cell phone carrier’s stock after selling 27,642 shares during the period. Euro Pacific Asset Management LLC’s holdings in Vodafone Group Public were worth $188,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC boosted its position in Vodafone Group Public by 7.6% in the third quarter. Apollon Wealth Management LLC now owns 17,072 shares of the cell phone carrier’s stock valued at $171,000 after buying an additional 1,204 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of Vodafone Group Public by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 46,497 shares of the cell phone carrier’s stock valued at $412,000 after acquiring an additional 1,350 shares during the last quarter. DRW Securities LLC increased its stake in shares of Vodafone Group Public by 2.2% in the third quarter. DRW Securities LLC now owns 66,256 shares of the cell phone carrier’s stock worth $664,000 after acquiring an additional 1,399 shares during the period. Pitcairn Co. raised its holdings in shares of Vodafone Group Public by 10.4% during the third quarter. Pitcairn Co. now owns 15,432 shares of the cell phone carrier’s stock worth $155,000 after purchasing an additional 1,458 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in Vodafone Group Public by 37.8% in the third quarter. CENTRAL TRUST Co now owns 5,516 shares of the cell phone carrier’s stock valued at $55,000 after purchasing an additional 1,513 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Price Performance

NASDAQ:VOD opened at $8.37 on Friday. The company has a 50 day moving average price of $8.61 and a 200-day moving average price of $9.22. Vodafone Group Public Limited has a 1-year low of $8.02 and a 1-year 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 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

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