Oppenheimer Asset Management Inc. raised its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 39.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,406,409 shares of the cell phone carrier’s stock after purchasing an additional 677,202 shares during the period. Vodafone Group accounts for approximately 1.2% of Oppenheimer Asset Management Inc.’s holdings, making the stock its 6th biggest holding. Oppenheimer Asset Management Inc. owned about 0.09% of Vodafone Group worth $52,219,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in VOD. Bessemer Group Inc. grew its stake in shares of Vodafone Group by 149.8% during the 2nd quarter. Bessemer Group Inc. now owns 5,321 shares of the cell phone carrier’s stock worth $129,000 after acquiring an additional 3,191 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Vodafone Group by 722.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,462 shares of the cell phone carrier’s stock worth $133,000 after acquiring an additional 4,798 shares in the last quarter. Palo Capital Inc. bought a new position in shares of Vodafone Group during the 3rd quarter worth approximately $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Vodafone Group in the second quarter valued at $143,000. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Vodafone Group in the second quarter valued at $153,000. Institutional investors own 9.69% of the company’s stock.
Several equities analysts recently weighed in on VOD shares. Jefferies Financial Group cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. UBS Group reissued a “buy” rating on shares of Vodafone Group in a research note on Tuesday, August 7th. Bank of America downgraded Vodafone Group from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. Zacks Investment Research downgraded Vodafone Group from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Finally, Raymond James downgraded Vodafone Group from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Vodafone Group has an average rating of “Buy” and an average target price of $33.36.
The business also recently declared a semiannual dividend, which will be paid on Friday, February 1st. Investors of record on Friday, November 23rd will be paid a $0.5455 dividend. This represents a yield of 5.36%. The ex-dividend date is Wednesday, November 21st. Vodafone Group’s dividend payout ratio (DPR) is presently 172.79%.
ILLEGAL ACTIVITY WARNING: “Oppenheimer Asset Management Inc. Buys 677,202 Shares of Vodafone Group Plc (VOD)” was first published by BBNS and is owned by of BBNS. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://baseballnewssource.com/2018/11/18/oppenheimer-asset-management-inc-has-52-22-million-stake-in-vodafone-group-plc-vod/2886832.html.
Vodafone Group Company 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.
See Also: Insider Trading
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.