Blair William & Co. IL Has $5.58 Million Stake in Vodafone Group Plc (VOD)

Blair William & Co. IL increased its position in Vodafone Group Plc (NASDAQ:VOD) by 23.0% in the third quarter, Holdings Channel reports. The institutional investor owned 257,050 shares of the cell phone carrier’s stock after acquiring an additional 48,006 shares during the period. Blair William & Co. IL’s holdings in Vodafone Group were worth $5,578,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Vodafone Group by 0.3% during the second quarter. Wells Fargo & Company MN now owns 7,079,742 shares of the cell phone carrier’s stock worth $172,108,000 after buying an additional 21,787 shares during the period. Renaissance Technologies LLC grew its stake in Vodafone Group by 1.5% during the second quarter. Renaissance Technologies LLC now owns 6,538,686 shares of the cell phone carrier’s stock worth $158,955,000 after buying an additional 96,686 shares during the period. Sound Shore Management Inc. CT grew its stake in Vodafone Group by 20.1% during the third quarter. Sound Shore Management Inc. CT now owns 6,071,825 shares of the cell phone carrier’s stock worth $131,759,000 after buying an additional 1,016,176 shares during the period. ACR Alpine Capital Research LLC grew its stake in Vodafone Group by 14.7% during the second quarter. ACR Alpine Capital Research LLC now owns 4,777,428 shares of the cell phone carrier’s stock worth $116,140,000 after buying an additional 612,039 shares during the period. Finally, Jennison Associates LLC grew its stake in Vodafone Group by 7.4% during the second quarter. Jennison Associates LLC now owns 2,904,953 shares of the cell phone carrier’s stock worth $70,619,000 after buying an additional 200,672 shares during the period. 9.85% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on VOD shares. UBS Group reiterated a “buy” rating on shares of Vodafone Group in a research note on Tuesday, August 7th. BidaskClub downgraded shares of Vodafone Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 25th. Bank of America downgraded shares of Vodafone Group from a “buy” rating to a “neutral” rating in a research note on Thursday, August 30th. Finally, Sanford C. Bernstein upgraded shares of Vodafone Group from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Tuesday, September 4th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.36.

Shares of VOD stock opened at $21.49 on Monday. The firm has a market capitalization of $57.32 billion, a PE ratio of 15.80, a PEG ratio of 2.71 and a beta of 0.88. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.70. Vodafone Group Plc has a twelve month low of $18.45 and a twelve month high of $32.75.

The company also recently announced a semiannual dividend, which will be paid on Friday, February 1st. Stockholders of record on Friday, November 23rd will be paid a $0.5455 dividend. The ex-dividend date is Wednesday, November 21st. This represents a dividend yield of 5.36%. Vodafone Group’s dividend payout ratio (DPR) is presently 77.94%.

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About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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

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