Vodafone Group Public Limited (NASDAQ:VOD) Shares Sold by Baron Wealth Management LLC

Baron Wealth Management LLC lessened its stake in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 15.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,838 shares of the cell phone carrier’s stock after selling 3,223 shares during the period. Baron Wealth Management LLC’s holdings in Vodafone Group Public were worth $151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its position in shares of Vodafone Group Public by 1,493.2% during the 3rd quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock valued at $47,000 after purchasing an additional 4,405 shares during the period. CENTRAL TRUST Co grew its holdings in Vodafone Group Public by 37.8% during the third quarter. CENTRAL TRUST Co now owns 5,516 shares of the cell phone carrier’s stock worth $55,000 after acquiring an additional 1,513 shares during the period. GAMMA Investing LLC lifted its holdings in Vodafone Group Public by 79.9% in the 3rd quarter. GAMMA Investing LLC now owns 7,023 shares of the cell phone carrier’s stock valued at $70,000 after acquiring an additional 3,120 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Vodafone Group Public by 627.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,651 shares of the cell phone carrier’s stock valued at $97,000 after purchasing an additional 8,324 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Vodafone Group Public in the 3rd quarter worth approximately $101,000. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Trading Up 0.5 %

Shares of VOD opened at $8.55 on Thursday. 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 1-year low of $8.02 and a 1-year high of $10.39. The business’s 50-day moving average price is $8.58 and its 200 day moving average price is $9.21.

Vodafone Group Public Cuts Dividend

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

Analysts Set New Price Targets

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