Commerzbank Aktiengesellschaft FI boosted its holdings in Vodafone Group PLC (NASDAQ:VOD) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 106,270 shares of the cell phone carrier’s stock after purchasing an additional 9,065 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Vodafone Group were worth $3,024,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Quantitative Systematic Strategies LLC bought a new stake in Vodafone Group in the third quarter worth approximately $1,316,000. Arrowstreet Capital Limited Partnership grew its stake in Vodafone Group by 47.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock valued at $86,590,000 after acquiring an additional 975,277 shares during the period. Marble Harbor Investment Counsel LLC grew its stake in Vodafone Group by 3.4% in the second quarter. Marble Harbor Investment Counsel LLC now owns 263,159 shares of the cell phone carrier’s stock valued at $7,561,000 after acquiring an additional 8,768 shares during the period. Cetera Investment Advisers acquired a new stake in Vodafone Group in the second quarter valued at approximately $1,456,000. Finally, Columbia Asset Management grew its stake in Vodafone Group by 47.5% in the second quarter. Columbia Asset Management now owns 24,662 shares of the cell phone carrier’s stock valued at $708,000 after acquiring an additional 7,942 shares during the period. Institutional investors and hedge funds own 10.24% of the company’s stock.
A number of equities research analysts have commented on VOD shares. Zacks Investment Research raised Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Friday, November 17th. BidaskClub cut Vodafone Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Goldman Sachs Group reissued a “buy” rating on shares of Vodafone Group in a research note on Thursday, November 23rd. UBS reissued a “buy” rating on shares of Vodafone Group in a research note on Friday, October 27th. Finally, Bank of America raised Vodafone Group from a “neutral” rating to a “buy” rating and set a $32.56 price objective for the company in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Vodafone Group currently has an average rating of “Buy” and a consensus price target of $32.14.
The business also recently announced a semiannual dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, November 24th will be given a dividend of $0.5642 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a dividend yield of 3.68%. Vodafone Group’s payout ratio is -310.81%.
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.
What are top analysts saying about Vodafone Group PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Vodafone Group PLC and related companies.