American Century Companies Inc. Has $21.61 Million Stock Holdings in Vodafone Group PLC $VOD

Key Points

• American Century Companies Inc. trimmed its stake in Vodafone by 10.1% in Q3, selling 208,300 shares and finishing the quarter with 1,863,218 shares worth $21.61 million (≈0.08% of the company).
• A number of smaller managers also adjusted positions (e.g., Sound Income Strategies, Global Retirement Partners, Smartleaf, Rexford, Baird), and institutional/hedge fund ownership of Vodafone stands at 7.84%.
• Analyst sentiment is mixed — two Buys, three Holds and five Sells — with an average recommendation of "Reduce" and an average target price of $72.00.

American Century Companies Inc. lowered its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 10.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,863,218 shares of the cell phone carrier's stock after selling 208,300 shares during the quarter. American Century Companies Inc. owned 0.08% of Vodafone Group worth $21,613,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC grew its position in Vodafone Group by 3,455.7% in the 3rd quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier's stock worth $39,000 after purchasing an additional 3,352 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Vodafone Group by 36.2% in the 3rd quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier's stock worth $74,000 after acquiring an additional 1,698 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Vodafone Group by 98.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 7,372 shares of the cell phone carrier's stock worth $78,000 after purchasing an additional 3,651 shares in the last quarter. Rexford Capital Inc. bought a new stake in shares of Vodafone Group during the second quarter valued at approximately $89,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Vodafone Group in the second quarter valued at $107,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Stock Performance

Shares of NASDAQ VOD opened at $14.48 on Tuesday. Vodafone Group PLC has a 12-month low of $8.05 and a 12-month high of $15.91. The firm's 50-day simple moving average is $14.55 and its 200 day simple moving average is $12.87. The company has a current ratio of 1.17, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VOD shares. Zacks Research upgraded shares of Vodafone Group from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Barclays upgraded shares of Vodafone Group from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 8th. Berenberg Bank raised shares of Vodafone Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 7th. Wall Street Zen cut shares of Vodafone Group from a "buy" rating to a "hold" rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Vodafone Group in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $72.00.

Vodafone Group Profile

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.

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