Oppenheimer Asset Management Inc. Purchases 677,202 Shares of Vodafone Group Plc (VOD)

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Oppenheimer Asset Management Inc. raised its position in Vodafone Group Plc (NASDAQ:VOD) by 39.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,406,409 shares of the cell phone carrier’s stock after acquiring an additional 677,202 shares during the period. Vodafone Group makes up 1.2% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 6th largest holding. Oppenheimer Asset Management Inc. owned 0.09% of Vodafone Group worth $52,219,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings 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 valued at $687,800,000 after acquiring an additional 1,144,581 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Vodafone Group by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 7,079,742 shares of the cell phone carrier’s stock valued at $172,108,000 after acquiring an additional 21,787 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Vodafone Group by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 6,538,686 shares of the cell phone carrier’s stock valued at $158,955,000 after acquiring an additional 96,686 shares in the last quarter. ACR Alpine Capital Research LLC increased its holdings 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 valued at $116,140,000 after acquiring an additional 612,039 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of 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 in the last quarter. Institutional investors own 9.70% of the company’s stock.

VOD has been the subject of a number of recent research reports. BidaskClub upgraded shares of Vodafone Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. Bank of America downgraded shares of Vodafone Group from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. Jefferies Financial Group downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Sanford C. Bernstein upgraded shares of Vodafone Group from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Tuesday, September 4th. Finally, Standpoint Research upgraded shares of Vodafone Group from a “reduce” rating to a “buy” rating in a report on Tuesday, September 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $33.36.

Vodafone Group stock traded down $0.30 during trading on Friday, reaching $18.79. The company had a trading volume of 6,041,503 shares, compared to its average volume of 7,952,945. Vodafone Group Plc has a 12-month low of $18.45 and a 12-month high of $32.75. The company has a market cap of $52.04 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.80 and a beta of 0.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.97.

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Vodafone Group Profile

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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