Menlo Advisors LLC Sells 6,970 Shares of Vodafone Group Plc (VOD)

Menlo Advisors LLC trimmed its holdings in Vodafone Group Plc (NASDAQ:VOD) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,431 shares of the cell phone carrier’s stock after selling 6,970 shares during the period. Vodafone Group comprises about 3.3% of Menlo Advisors LLC’s holdings, making the stock its 13th largest position. Menlo Advisors LLC’s holdings in Vodafone Group were worth $4,575,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VOD. Fisher Asset Management LLC lifted its stake in shares of Vodafone Group by 4.7% in the third quarter. Fisher Asset Management LLC now owns 24,824,481 shares of the cell phone carrier’s stock valued at $706,505,000 after buying an additional 1,121,862 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Vodafone Group by 47.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock valued at $86,590,000 after purchasing an additional 975,277 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Vodafone Group by 21.3% during the second quarter. Ameriprise Financial Inc. now owns 3,244,439 shares of the cell phone carrier’s stock valued at $93,255,000 after purchasing an additional 569,025 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Vodafone Group by 153.7% during the third quarter. First Trust Advisors LP now owns 819,323 shares of the cell phone carrier’s stock valued at $23,318,000 after purchasing an additional 496,431 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Vodafone Group by 9.0% during the second quarter. Renaissance Technologies LLC now owns 5,641,400 shares of the cell phone carrier’s stock valued at $162,077,000 after purchasing an additional 467,200 shares in the last quarter. 10.23% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on VOD. BidaskClub lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. UBS Group reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Monday, October 2nd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Thursday, November 23rd. Zacks Investment Research lowered shares of Vodafone Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.14.

Shares of Vodafone Group Plc (NASDAQ:VOD) traded up $0.49 during mid-day trading on Tuesday, reaching $31.93. 2,897,400 shares of the company’s stock traded hands, compared to its average volume of 2,535,567. The company has a market capitalization of $84,850.00, a price-to-earnings ratio of -84.03, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. Vodafone Group Plc has a twelve month low of $24.31 and a twelve month high of $32.75.

The firm also recently announced a semiannual dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, November 24th will be paid a $0.5642 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a dividend yield of 3.68%. Vodafone Group’s payout ratio is -302.63%.

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About Vodafone Group

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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