Gamco Investors INC. ET AL Has $9.83 Million Stock Holdings in Vodafone Group PLC $VOD

Key Points

• Gamco Investors INC. increased its stake in Vodafone Group PLC by 2.2%, owning over 1 million shares worth approximately $9.8 million as of the latest SEC filing.
• Barclays PLC made a significant move by raising its position in Vodafone by 57,500.0%, while other hedge funds also adjusted their stakes, reflecting growing institutional interest.
• Recent analyst ratings show a mixed outlook for Vodafone, with investment firms assigning hold and sell ratings, along with a consensus target price of $136.00 per share.

Gamco Investors INC. ET AL grew its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 2.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,048,723 shares of the cell phone carrier's stock after purchasing an additional 22,900 shares during the period. Gamco Investors INC. ET AL's holdings in Vodafone Group were worth $9,827,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. raised its stake in shares of Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock valued at $30,000 after purchasing an additional 1,250 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Vodafone Group during the first quarter valued at approximately $31,000. NBC Securities Inc. raised its stake in shares of Vodafone Group by 116,833.3% during the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after purchasing an additional 3,505 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Vodafone Group during the first quarter valued at approximately $60,000. Finally, CoreCap Advisors LLC raised its stake in shares of Vodafone Group by 509.7% during the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock valued at $58,000 after purchasing an additional 5,709 shares during the period. Hedge funds and other institutional investors own 7.84% of the company's stock.

Wall Street Analysts Forecast Growth

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

Vodafone Group Stock Up 0.3%

Shares of VOD traded up $0.04 during trading hours on Monday, reaching $11.96. The company's stock had a trading volume of 4,050,907 shares, compared to its average volume of 5,215,730. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 0.57 and a beta of 0.65. Vodafone Group PLC has a 1-year low of $8.00 and a 1-year high of $12.06. 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 company has a 50 day moving average of $11.19 and a two-hundred day moving average of $10.03.

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.