Capital Fund Management S.A. Buys 438,013 Shares of Vodafone Group PLC $VOD

Key Points

• Capital Fund Management S.A. increased its holdings in Vodafone Group PLC by 95%, acquiring an additional 438,013 shares, bringing their total to 899,275 shares valued at approximately $8.43 million.
• Other institutional investors also boosted their stakes in Vodafone, with ACR Alpine Capital Research LLC increasing its holdings by 16.8% and Oppenheimer Asset Management Inc. by 18.7% in the first quarter.
• Wall Street analysts have mixed views on Vodafone, with ratings ranging from "buy" to "sell," leading to an average consensus rating of "Reduce" and a target price of $136.00.

Capital Fund Management S.A. grew its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 95.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 899,275 shares of the cell phone carrier's stock after purchasing an additional 438,013 shares during the quarter. Capital Fund Management S.A.'s holdings in Vodafone Group were worth $8,426,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Northern Trust Corp raised its holdings in shares of Vodafone Group by 22.9% in the first quarter. Northern Trust Corp now owns 2,194,203 shares of the cell phone carrier's stock valued at $20,560,000 after buying an additional 409,376 shares during the last quarter. Aviso Financial Inc. increased its stake in Vodafone Group by 1.6% during the 1st quarter. Aviso Financial Inc. now owns 137,760 shares of the cell phone carrier's stock worth $1,291,000 after buying an additional 2,140 shares during the period. Brooklyn Investment Group increased its position in shares of Vodafone Group by 2,825.9% in the 1st quarter. Brooklyn Investment Group now owns 21,798 shares of the cell phone carrier's stock worth $204,000 after purchasing an additional 21,053 shares during the last quarter. Summit Securities Group LLC boosted its holdings in shares of Vodafone Group by 4,239.6% in the 1st quarter. Summit Securities Group LLC now owns 47,736 shares of the cell phone carrier's stock valued at $447,000 after buying an additional 46,636 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of Vodafone Group by 0.3% during the first quarter. Raymond James Financial Inc. now owns 1,250,286 shares of the cell phone carrier's stock valued at $11,715,000 after purchasing an additional 3,816 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Price Performance

Shares of Vodafone Group stock traded up $0.12 during mid-day trading on Wednesday, reaching $11.98. 3,746,604 shares of the stock traded hands, compared to its average volume of 11,543,614. The stock has a market capitalization of $29.10 billion, a PE ratio of 10.50, a PEG ratio of 0.57 and a beta of 0.62. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $12.03. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average of $11.08 and a 200 day moving average of $9.95.

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price for the company. in a research note on Thursday, July 31st. Morgan Stanley started coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. Zacks Research upgraded shares of Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen cut Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $136.00.

Vodafone Group Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.