Blume Capital Management Inc. decreased its holdings in shares of Vodafone (NASDAQ:VOD) by 86.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,300 shares of the cell phone carrier’s stock after selling 46,000 shares during the quarter. Blume Capital Management Inc.’s holdings in Vodafone were worth $203,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in VOD. Fisher Asset Management LLC increased its position in Vodafone by 4.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,957,027 shares of the cell phone carrier’s stock valued at $828,029,000 after acquiring an additional 1,132,546 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Vodafone by 1.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,016,824 shares of the cell phone carrier’s stock worth $255,736,000 after purchasing an additional 143,404 shares during the last quarter. Miller Howard Investments Inc. NY grew its holdings in shares of Vodafone by 58.2% in the fourth quarter. Miller Howard Investments Inc. NY now owns 3,900,428 shares of the cell phone carrier’s stock worth $124,424,000 after purchasing an additional 1,434,846 shares during the last quarter. ACR Alpine Capital Research LLC bought a new position in shares of Vodafone in the fourth quarter worth about $122,059,000. Finally, Jennison Associates LLC grew its holdings in shares of Vodafone by 15.7% in the fourth quarter. Jennison Associates LLC now owns 2,702,113 shares of the cell phone carrier’s stock worth $86,197,000 after purchasing an additional 367,586 shares during the last quarter. 10.85% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on VOD. BidaskClub cut shares of Vodafone from a “hold” rating to a “sell” rating in a report on Monday. Raymond James upgraded shares of Vodafone from a “market perform” rating to a “strong-buy” rating in a report on Wednesday, January 17th. Numis Securities raised shares of Vodafone from an “add” rating to a “buy” rating in a research report on Monday, February 5th. ValuEngine raised shares of Vodafone from a “hold” rating to a “buy” rating in a research report on Thursday, March 15th. Finally, Bank of America reaffirmed a “buy” rating and issued a $37.26 price objective on shares of Vodafone in a research report on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Vodafone presently has an average rating of “Buy” and an average target price of $31.76.
Shares of Vodafone opened at $27.29 on Tuesday, according to Marketbeat. Vodafone has a 12 month low of $27.24 and a 12 month high of $27.39. The company has a market cap of $76.74 billion, a PE ratio of 31.88, a PEG ratio of 2.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.96.
Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.
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