Sterneck Capital Management LLC trimmed its position in Vodafone Group Plc (NASDAQ:VOD) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 173,265 shares of the cell phone carrier’s stock after selling 19,019 shares during the period. Vodafone Group comprises approximately 3.3% of Sterneck Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Sterneck Capital Management LLC’s holdings in Vodafone Group were worth $5,527,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VOD. Alliancebernstein L.P. increased its position in Vodafone Group by 0.3% in the second quarter. Alliancebernstein L.P. now owns 41,619 shares of the cell phone carrier’s stock worth $1,196,000 after purchasing an additional 105 shares during the period. Janus Henderson Group PLC increased its position in Vodafone Group by 975.0% in the second quarter. Janus Henderson Group PLC now owns 118,255 shares of the cell phone carrier’s stock worth $3,398,000 after purchasing an additional 107,255 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Vodafone Group during the 2nd quarter worth about $405,000. The Manufacturers Life Insurance Company grew its position in shares of Vodafone Group by 3,780.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 280,088 shares of the cell phone carrier’s stock worth $8,047,000 after buying an additional 272,870 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Vodafone Group by 16.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 134,177 shares of the cell phone carrier’s stock worth $3,855,000 after buying an additional 19,353 shares during the period. Hedge funds and other institutional investors own 10.35% of the company’s stock.

Vodafone Group Plc (NASDAQ:VOD) opened at $28.54 on Friday. Vodafone Group Plc has a 12-month low of $24.68 and a 12-month high of $32.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.96.

The firm also recently disclosed a semiannual dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, November 24th were issued a dividend of $0.5642 per share. This represents a dividend yield of 3.68%. The ex-dividend date of this dividend was Wednesday, November 22nd.

Several equities analysts have recently issued reports on VOD shares. BidaskClub upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Goldman Sachs Group restated a “buy” rating on shares of Vodafone Group in a research report on Thursday, November 23rd. Zacks Investment Research upgraded Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Friday, November 17th. UBS Group restated a “buy” rating on shares of Vodafone Group in a research report on Friday, October 27th. Finally, Bank of America restated a “buy” rating and set a $37.26 target price on shares of Vodafone Group in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Vodafone Group presently has a consensus rating of “Buy” and an average target price of $33.32.

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Vodafone Group Company Profile

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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