Sound Shore Management Inc. CT trimmed its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,218,946 shares of the cell phone carrier’s stock after selling 96,807 shares during the period. Vodafone Group PLC makes up about 2.4% of Sound Shore Management Inc. CT’s holdings, making the stock its 24th biggest holding. Sound Shore Management Inc. CT owned 0.19% of Vodafone Group PLC worth $148,531,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Vodafone Group PLC by 8,534.1% in the 1st quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock valued at $114,716,000 after buying an additional 4,290,072 shares during the last quarter. Fisher Asset Management LLC raised its stake in Vodafone Group PLC by 4.7% during the third quarter. Fisher Asset Management LLC now owns 24,824,481 shares of the cell phone carrier’s stock worth $706,505,000 after acquiring an additional 1,121,862 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Vodafone Group PLC by 47.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock worth $86,590,000 after acquiring an additional 975,277 shares during the period. Jennison Associates LLC increased its stake in shares of Vodafone Group PLC by 40.5% during the second quarter. Jennison Associates LLC now owns 2,340,445 shares of the cell phone carrier’s stock valued at $67,241,000 after acquiring an additional 674,477 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Vodafone Group PLC by 21.3% during the second quarter. Ameriprise Financial Inc. now owns 3,244,439 shares of the cell phone carrier’s stock worth $93,255,000 after buying an additional 569,025 shares in the last quarter. Institutional investors and hedge funds own 10.04% of the company’s stock.

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VOD has been the topic of a number of recent research reports. UBS AG restated a “buy” rating on shares of Vodafone Group PLC in a report on Monday, October 2nd. BidaskClub upgraded shares of Vodafone Group PLC from a “sell” rating to a “hold” rating in a report on Thursday, October 19th. Bank of America Corporation upgraded shares of Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 target price on the stock in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Vodafone Group PLC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.14.

Vodafone Group PLC (NASDAQ VOD) traded down $0.03 during trading hours on Tuesday, hitting $30.93. 3,293,300 shares of the stock traded hands, compared to its average volume of 3,926,485. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.95. Vodafone Group PLC has a 12 month low of $24.17 and a 12 month high of $31.03.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, February 2nd. Shareholders of record on Friday, November 24th will be issued a dividend of $0.5642 per share. This represents a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Vodafone Group PLC’s dividend payout ratio is -443.24%.

Vodafone Group PLC Company Profile

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 PLC (NASDAQ:VOD)

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