119,224 Shares in Vodafone Group PLC $VOD Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Vodafone Group PLC, acquiring 119,224 shares valued at approximately $1,117,000 in the first quarter.
• Institutional investor activity has increased, with Deutsche Bank AG significantly boosting its position by 63,786.2%, now owning 1,597,156 shares worth $14,965,000.
• Vodafone Group's stock has a current consensus rating of "Hold" with a price target set at $136.00 by analysts after various upgrades and downgrades from firms like Goldman Sachs and Morgan Stanley.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Vodafone Group PLC (NASDAQ:VOD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 119,224 shares of the cell phone carrier's stock, valued at approximately $1,117,000.

Several other institutional investors also recently modified their holdings of the business. ACR Alpine Capital Research LLC grew its stake in shares of Vodafone Group by 16.8% in the first quarter. ACR Alpine Capital Research LLC now owns 25,696,928 shares of the cell phone carrier's stock worth $240,780,000 after purchasing an additional 3,690,617 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Vodafone Group by 18.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 5,998,450 shares of the cell phone carrier's stock valued at $56,205,000 after buying an additional 944,189 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Vodafone Group by 1.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,499,770 shares of the cell phone carrier's stock valued at $51,533,000 after buying an additional 69,986 shares during the period. Bank of America Corp DE lifted its holdings in Vodafone Group by 1.8% in the fourth quarter. Bank of America Corp DE now owns 4,307,572 shares of the cell phone carrier's stock valued at $36,571,000 after buying an additional 76,608 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Vodafone Group by 341.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier's stock valued at $35,202,000 after buying an additional 3,206,506 shares during the period. Institutional investors own 7.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Berenberg Bank upgraded shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group in a report on Wednesday, April 23rd. Zacks Research upgraded shares of Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Wall Street Zen lowered shares of Vodafone Group from a "buy" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price on the stock. in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $136.00.

Vodafone Group Stock Down 0.3%

Shares of NASDAQ VOD traded down $0.04 during trading on Thursday, hitting $11.86. 3,271,113 shares of the company traded hands, compared to its average volume of 6,240,277. The business's fifty day moving average is $10.97 and its 200 day moving average is $9.87. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $11.92. The firm has a market capitalization of $28.78 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 0.57 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26.

Vodafone Group Company 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.