Envestnet Asset Management Inc. Raises Stake in Vodafone Group PLC $VOD

Envestnet Asset Management Inc. increased its stake in Vodafone Group PLC (NASDAQ:VODFree Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,518,066 shares of the cell phone carrier’s stock after buying an additional 76,534 shares during the period. Envestnet Asset Management Inc. owned 0.23% of Vodafone Group worth $64,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of VOD. Arrowstreet Capital Limited Partnership lifted its stake in shares of Vodafone Group by 22.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 27,680,971 shares of the cell phone carrier’s stock worth $295,079,000 after buying an additional 5,160,095 shares in the last quarter. ACR Alpine Capital Research LLC boosted its stake in shares of Vodafone Group by 0.9% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 26,095,086 shares of the cell phone carrier’s stock worth $302,703,000 after buying an additional 228,325 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vodafone Group by 116.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,076,148 shares of the cell phone carrier’s stock valued at $86,092,000 after purchasing an additional 4,352,389 shares during the period. SALT Holding Corp. raised its position in Vodafone Group by 3,039.6% in the second quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock worth $38,627,000 after acquiring an additional 3,508,086 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Vodafone Group by 282.5% in the second quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock worth $33,707,000 after buying an additional 2,335,306 shares during the period. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group reiterated a “sell” rating on shares of Vodafone Group in a research note on Monday, November 3rd. BNP Paribas Exane raised shares of Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Wall Street Zen lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 7th. Finally, Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $72.00.

Read Our Latest Report on Vodafone Group

Vodafone Group News Summary

Here are the key news stories impacting Vodafone Group this week:

Vodafone Group Stock Up 3.4%

Shares of NASDAQ VOD opened at $15.11 on Monday. Vodafone Group PLC has a 12 month low of $8.05 and a 12 month high of $15.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. The company has a 50 day simple moving average of $13.44 and a two-hundred day simple moving average of $12.29.

Vodafone Group Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, November 24th were issued a dividend of $0.2567 per share. This represents a dividend yield of 434.0%. The ex-dividend date of this dividend was Monday, November 24th.

Vodafone Group Profile

(Free Report)

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.

Read More

Want to see what other hedge funds are holding VOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vodafone Group PLC (NASDAQ:VODFree Report).

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

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.