Connor Clark & Lunn Investment Management Ltd. Buys 50,000 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 46.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 157,639 shares of the cell phone carrier’s stock after acquiring an additional 50,000 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Vodafone Group Public were worth $1,580,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Vodafone Group Public by 116.7% during the second quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 2,102 shares in the last quarter. Asset Dedication LLC boosted its position in shares of Vodafone Group Public by 630.9% in the 2nd quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock worth $41,000 after purchasing an additional 4,000 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of Vodafone Group Public by 1,493.2% in the 3rd quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock worth $47,000 after buying an additional 4,405 shares during the last quarter. CENTRAL TRUST Co raised its stake 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 valued at $55,000 after buying an additional 1,513 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Vodafone Group Public in the second quarter worth $49,000. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Stock Down 0.6 %

Shares of NASDAQ:VOD opened at $8.86 on Wednesday. Vodafone Group Public Limited has a 1 year low of $8.02 and a 1 year high of $10.39. The stock’s fifty day moving average price is $9.48 and its 200-day moving average price is $9.41. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

Vodafone Group Public Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.2423 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 8%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VOD shares. UBS Group cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. 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 given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Vodafone Group Public

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.