Vodafone Group PLC (VOD) Stake Lessened by Schafer Cullen Capital Management Inc.

Schafer Cullen Capital Management Inc. decreased its holdings in Vodafone Group PLC (NASDAQ:VOD) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,143,209 shares of the cell phone carrier’s stock after selling 49,129 shares during the period. Schafer Cullen Capital Management Inc.’s holdings in Vodafone Group PLC were worth $32,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. American International Group Inc. grew its position in Vodafone Group PLC by 1.5% during the 1st quarter. American International Group Inc. now owns 24,397 shares of the cell phone carrier’s stock worth $645,000 after acquiring an additional 354 shares during the last quarter. Neuberger Berman Group LLC grew its position in Vodafone Group PLC by 28.4% during the 1st quarter. Neuberger Berman Group LLC now owns 119,290 shares of the cell phone carrier’s stock worth $3,153,000 after acquiring an additional 26,349 shares during the last quarter. FMR LLC grew its position in Vodafone Group PLC by 65.9% during the 1st quarter. FMR LLC now owns 5,789,369 shares of the cell phone carrier’s stock worth $153,013,000 after acquiring an additional 2,299,529 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Vodafone Group PLC by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 81,523 shares of the cell phone carrier’s stock worth $2,155,000 after acquiring an additional 698 shares during the last quarter. Finally, Bluestein R H & Co. grew its position in Vodafone Group PLC by 9.7% during the 1st quarter. Bluestein R H & Co. now owns 33,954 shares of the cell phone carrier’s stock worth $897,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 10.21% of the company’s stock.

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VOD has been the topic of a number of research reports. Bank of America Corporation upgraded Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 price objective on the stock in a research report on Wednesday, August 9th. BidaskClub upgraded Vodafone Group PLC from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Vodafone Group PLC in a research report on Friday, June 16th. Numis Securities Ltd initiated coverage on Vodafone Group PLC in a research report on Friday, July 14th. They set an “add” rating on the stock. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.52.

Vodafone Group PLC 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 PLC (NASDAQ:VOD)

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