Mackenzie Financial Corp bought a new position in Vodafone Group Plc (NASDAQ:VOD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,429 shares of the cell phone carrier’s stock, valued at approximately $269,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in shares of Vodafone Group by 228.2% in the third quarter. Bessemer Group Inc. now owns 7,788 shares of the cell phone carrier’s stock worth $222,000 after acquiring an additional 5,415 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Vodafone Group by 0.8% during the third quarter. CIBC Asset Management Inc now owns 206,684 shares of the cell phone carrier’s stock worth $5,848,000 after buying an additional 1,718 shares in the last quarter. Toronto Dominion Bank boosted its stake in Vodafone Group by 12.0% during the third quarter. Toronto Dominion Bank now owns 21,028 shares of the cell phone carrier’s stock worth $600,000 after buying an additional 2,247 shares in the last quarter. Advisor Group Inc. boosted its stake in Vodafone Group by 8.5% during the third quarter. Advisor Group Inc. now owns 135,181 shares of the cell phone carrier’s stock worth $3,846,000 after buying an additional 10,570 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of Vodafone Group by 3.9% during the third quarter. Comerica Bank now owns 222,072 shares of the cell phone carrier’s stock valued at $6,391,000 after acquiring an additional 8,346 shares during the period. Institutional investors own 10.92% of the company’s stock.
A number of research analysts have issued reports on VOD shares. BidaskClub raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. ValuEngine raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Bank of America reissued a “buy” rating and set a $37.26 price objective on shares of Vodafone Group in a report on Monday, February 5th. Numis Securities raised Vodafone Group from an “add” rating to a “buy” rating in a report on Monday, February 5th. Finally, Zacks Investment Research upgraded Vodafone Group from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Friday, March 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $31.76.
VOD traded up $0.04 during trading hours on Friday, reaching $28.82. The company’s stock had a trading volume of 3,569,069 shares, compared to its average volume of 3,588,530. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. Vodafone Group Plc has a 52 week low of $25.54 and a 52 week high of $32.75. The stock has a market cap of $75,515.03, a PE ratio of 32.38, a price-to-earnings-growth ratio of 1.92 and a beta of 0.83.
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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.
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