Meridian Investment Counsel Inc. Has $247,000 Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

Meridian Investment Counsel Inc. cut its position in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 33.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,643 shares of the cell phone carrier’s stock after selling 12,150 shares during the period. Meridian Investment Counsel Inc.’s holdings in Vodafone Group Public were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VOD. Empowered Funds LLC lifted its stake in Vodafone Group Public by 3.0% during the third quarter. Empowered Funds LLC now owns 290,057 shares of the cell phone carrier’s stock worth $2,906,000 after purchasing an additional 8,388 shares during the period. D Orazio & Associates Inc. boosted its stake in Vodafone Group Public by 77.8% in the 3rd quarter. D Orazio & Associates Inc. now owns 24,659 shares of the cell phone carrier’s stock valued at $247,000 after buying an additional 10,789 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in 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 valued at $9,441,000 after acquiring an additional 864,924 shares during the period. MQS Management LLC acquired a new position in Vodafone Group Public during the third quarter worth $236,000. Finally, Aptus Capital Advisors LLC bought a new position in shares of Vodafone Group Public during the third quarter valued at $150,000. 7.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

Shares of NASDAQ:VOD opened at $8.77 on Friday. Vodafone Group Public Limited has a 12 month low of $8.02 and a 12 month high of $10.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.29. The company’s 50-day moving average price is $9.65 and its two-hundred day moving average price is $9.39.

Vodafone Group Public Cuts Dividend

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

Vodafone Group Public Company 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.