Glenmede Trust Co. NA Sells 5,365 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Glenmede Trust Co. NA lessened its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 22.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,586 shares of the cell phone carrier’s stock after selling 5,365 shares during the quarter. Glenmede Trust Co. NA’s holdings in Vodafone Group Public were worth $186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd acquired a new stake in shares of Vodafone Group Public in the third quarter worth $82,716,000. Bank of Montreal Can grew its stake in shares of Vodafone Group Public by 445.7% in the second quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock worth $34,055,000 after acquiring an additional 3,107,734 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Vodafone Group Public by 345.2% in the second quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after acquiring an additional 2,346,815 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Vodafone Group Public by 1,119.6% in the third quarter. Oppenheimer & Co. Inc. now owns 942,179 shares of the cell phone carrier’s stock worth $9,441,000 after acquiring an additional 864,924 shares during the last quarter. Finally, Clifford Capital Partners LLC grew its stake in shares of Vodafone Group Public by 30.1% in the second quarter. Clifford Capital Partners LLC now owns 2,012,210 shares of the cell phone carrier’s stock worth $17,848,000 after acquiring an additional 465,802 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

VOD opened at $9.17 on Friday. The firm’s fifty day moving average price is $9.32 and its two-hundred day moving average price is $9.38. Vodafone Group Public Limited has a fifty-two week low of $8.02 and a fifty-two week high of $10.39. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78.

Vodafone Group Public Cuts Dividend

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

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.