Royal Bank of Canada Cuts Stock Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Royal Bank of Canada trimmed its holdings in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,957,023 shares of the cell phone carrier's stock after selling 1,132,340 shares during the quarter. Royal Bank of Canada owned approximately 0.12% of Vodafone Group Public worth $25,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in Vodafone Group Public by 11.2% during the 4th quarter. Quadrant Capital Group LLC now owns 14,409 shares of the cell phone carrier's stock worth $123,000 after purchasing an additional 1,454 shares during the period. Cahill Financial Advisors Inc. increased its holdings in Vodafone Group Public by 8.6% during the 4th quarter. Cahill Financial Advisors Inc. now owns 20,395 shares of the cell phone carrier's stock worth $173,000 after purchasing an additional 1,611 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Vodafone Group Public by 17.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 10,819 shares of the cell phone carrier's stock worth $92,000 after purchasing an additional 1,631 shares during the period. Smartleaf Asset Management LLC increased its holdings in Vodafone Group Public by 63.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier's stock worth $41,000 after purchasing an additional 1,899 shares during the period. Finally, SOL Capital Management CO increased its holdings in Vodafone Group Public by 14.1% during the 4th quarter. SOL Capital Management CO now owns 16,200 shares of the cell phone carrier's stock worth $138,000 after purchasing an additional 2,000 shares during the period. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Public Stock Performance

VOD traded up $0.03 on Tuesday, reaching $10.50. 17,703,080 shares of the stock were exchanged, compared to its average volume of 8,216,935. The firm has a market capitalization of $26.14 billion, a PE ratio of 9.21, a PEG ratio of 0.66 and a beta of 0.61. The company's 50-day moving average price is $9.34 and its 200 day moving average price is $8.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. Vodafone Group Public Limited has a fifty-two week low of $8.00 and a fifty-two week high of $10.60.

Vodafone Group Public Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 6th will be paid a $0.2355 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a dividend yield of 6.6%. Vodafone Group Public's dividend payout ratio is presently 41.23%.

Analyst Ratings Changes

A number of research firms have recently weighed in on VOD. Wall Street Zen cut Vodafone Group Public from a "buy" rating to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. Bank of America cut Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, March 24th. Finally, DZ Bank raised Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold".

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.