Bank of Montreal Can grew its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,210,336 shares of the cell phone carrier’s stock after purchasing an additional 63,604 shares during the quarter. Bank of Montreal Can’s holdings in Vodafone Group were worth $26,263,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in VOD. Fisher Asset Management LLC boosted its stake in Vodafone Group by 4.2% during the 2nd quarter. Fisher Asset Management LLC now owns 28,292,890 shares of the cell phone carrier’s stock worth $687,800,000 after purchasing an additional 1,144,581 shares during the last quarter. ACR Alpine Capital Research LLC boosted its stake in Vodafone Group by 14.7% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,777,428 shares of the cell phone carrier’s stock worth $116,140,000 after purchasing an additional 612,039 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in Vodafone Group during the 2nd quarter worth $10,978,000. Stephens Inc. AR acquired a new stake in Vodafone Group during the 2nd quarter worth $8,718,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in Vodafone Group by 20.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,729,207 shares of the cell phone carrier’s stock worth $42,038,000 after purchasing an additional 297,320 shares during the last quarter. 10.07% of the stock is currently owned by institutional investors.
Shares of VOD stock opened at $20.20 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market cap of $53.11 billion, a PE ratio of 14.85, a PEG ratio of 1.07 and a beta of 0.80. Vodafone Group Plc has a twelve month low of $19.78 and a twelve month high of $32.75.
VOD has been the topic of several recent research reports. Jefferies Financial Group cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. UBS Group reissued a “buy” rating on shares of Vodafone Group in a research report on Tuesday, August 7th. Bank of America cut shares of Vodafone Group from a “buy” rating to a “neutral” rating in a research report on Thursday, August 30th. Zacks Investment Research cut shares of Vodafone Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Finally, Standpoint Research raised shares of Vodafone Group from a “reduce” rating to a “buy” rating in a research report on Tuesday, September 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Vodafone Group currently has a consensus rating of “Buy” and a consensus price target of $33.36.
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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