Huber Capital Management LLC Reduces Position in Vodafone Group PLC (VOD)

Huber Capital Management LLC lessened its holdings in Vodafone Group PLC (NASDAQ:VOD) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,183 shares of the cell phone carrier’s stock after selling 9,935 shares during the quarter. Huber Capital Management LLC’s holdings in Vodafone Group were worth $2,310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC raised its holdings in Vodafone Group by 4.7% during the 3rd quarter. Fisher Asset Management LLC now owns 24,824,481 shares of the cell phone carrier’s stock worth $706,505,000 after purchasing an additional 1,121,862 shares during the last quarter. Federated Investors Inc. PA grew its position in shares of Vodafone Group by 5.4% during the 2nd quarter. Federated Investors Inc. PA now owns 9,620,051 shares of the cell phone carrier’s stock worth $276,384,000 after buying an additional 492,968 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Vodafone Group by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,630,584 shares of the cell phone carrier’s stock worth $217,166,000 after buying an additional 386,931 shares during the period. Renaissance Technologies LLC grew its position in shares of Vodafone Group by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 5,641,400 shares of the cell phone carrier’s stock worth $162,077,000 after buying an additional 467,200 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Vodafone Group by 21.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,244,439 shares of the cell phone carrier’s stock worth $93,255,000 after buying an additional 569,025 shares during the period. Institutional investors and hedge funds own 10.24% of the company’s stock.

Shares of Vodafone Group PLC (VOD) opened at $30.73 on Tuesday. Vodafone Group PLC has a 52-week low of $24.30 and a 52-week high of $31.03. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

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

Several analysts have recently commented on the stock. BidaskClub downgraded shares of Vodafone Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. UBS reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Monday, October 2nd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Thursday, November 23rd. Zacks Investment Research downgraded shares of Vodafone Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, Bank of America raised shares of Vodafone Group from a “neutral” rating to a “buy” rating and set a $32.56 price objective for the company in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Vodafone Group currently has an average rating of “Buy” and a consensus price target of $32.14.

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About Vodafone Group

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.

Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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