American International Group Inc. Purchases 1,709 Shares of Vodafone Group PLC (VOD)

American International Group Inc. boosted its stake in Vodafone Group PLC (NASDAQ:VOD) by 7.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,250 shares of the cell phone carrier’s stock after buying an additional 1,709 shares during the period. American International Group Inc.’s holdings in Vodafone Group were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VOD. Quantitative Systematic Strategies LLC acquired a new stake in Vodafone Group in the 3rd quarter valued at about $1,316,000. Arrowstreet Capital Limited Partnership lifted its holdings in Vodafone Group by 47.8% in the 2nd 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 last quarter. Marble Harbor Investment Counsel LLC lifted its holdings in Vodafone Group by 3.4% in the 2nd 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 last quarter. Cetera Investment Advisers acquired a new stake in Vodafone Group in the 2nd quarter valued at about $1,456,000. Finally, FDx Advisors Inc. lifted its holdings in Vodafone Group by 7.6% in the 3rd quarter. FDx Advisors Inc. now owns 173,979 shares of the cell phone carrier’s stock valued at $4,951,000 after acquiring an additional 12,304 shares during the last quarter. Hedge funds and other institutional investors own 10.23% of the company’s stock.

Shares of Vodafone Group PLC (VOD) opened at $31.86 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Vodafone Group PLC has a 52 week low of $24.31 and a 52 week high of $31.95.

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 paid 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.

A number of equities research analysts have weighed in on the stock. Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Friday, December 8th. Zacks Investment Research raised shares of 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. Goldman Sachs Group reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Thursday, November 23rd. BidaskClub raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, UBS reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.14.

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Vodafone Group 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.

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

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