Menlo Advisors LLC Decreases Holdings in Vodafone Group Plc (VOD)

Menlo Advisors LLC cut its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,431 shares of the cell phone carrier’s stock after selling 6,970 shares during the quarter. Vodafone Group accounts for approximately 3.3% of Menlo Advisors LLC’s holdings, making the stock its 13th biggest holding. Menlo Advisors LLC’s holdings in Vodafone Group were worth $4,575,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Alliancebernstein L.P. raised its stake in shares of Vodafone Group by 0.3% during the second quarter. Alliancebernstein L.P. now owns 41,619 shares of the cell phone carrier’s stock worth $1,196,000 after acquiring an additional 105 shares in the last quarter. HPM Partners LLC increased its stake in shares of Vodafone Group by 1.5% in the second quarter. HPM Partners LLC now owns 12,498 shares of the cell phone carrier’s stock worth $359,000 after buying an additional 180 shares during the period. ETRADE Capital Management LLC increased its stake in shares of Vodafone Group by 0.3% in the second quarter. ETRADE Capital Management LLC now owns 168,419 shares of the cell phone carrier’s stock worth $4,839,000 after buying an additional 433 shares during the period. Clear Perspective Advisors LLC increased its stake in shares of Vodafone Group by 13.8% in the second quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock worth $104,000 after buying an additional 440 shares during the period. Finally, Pacific Center for Financial Services increased its stake in shares of Vodafone Group by 9.5% in the second quarter. Pacific Center for Financial Services now owns 5,494 shares of the cell phone carrier’s stock worth $158,000 after buying an additional 476 shares during the period. 10.23% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on VOD. BidaskClub raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, December 8th. Zacks Investment Research raised shares of Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, November 17th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Thursday, November 23rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.14.

Vodafone Group Plc (NASDAQ:VOD) traded up $0.09 during trading hours on Tuesday, reaching $32.67. 2,622,400 shares of the company traded hands, compared to its average volume of 2,194,080. The company has a market capitalization of $85,800.00, a PE ratio of -88.30, a P/E/G ratio of 2.49 and a beta of 0.94. Vodafone Group Plc has a twelve month low of $24.31 and a twelve month high of $32.75. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46.

The business also recently declared a semiannual dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, November 24th will be issued a $0.5642 dividend. This represents a yield of 3.68%. The ex-dividend date is Wednesday, November 22nd. Vodafone Group’s dividend payout ratio (DPR) is currently -310.81%.

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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.

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

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