Gateway Investment Advisers LLC Has $4.65 Million Stock Position in Vodafone Group PLC $VOD

Key Points

• Gateway Investment Advisers LLC increased its stake in Vodafone by 68%, buying an additional 142,440 shares to hold 352,038 shares worth about $4.65 million at the end of Q4.
• Several other large investors (including ACR Alpine Capital, Bank of America, Envestnet, SALT and ABC Arbitrage) also raised positions, and institutional investors and hedge funds now own roughly 7.84% of the stock.
• Analyst opinions are mixed: MarketBeat shows a consensus rating of "Hold" (1 Strong Buy, 2 Buy, 2 Hold, 3 Sell) with a consensus target price of $72.00.

Gateway Investment Advisers LLC lifted its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 68.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 352,038 shares of the cell phone carrier's stock after buying an additional 142,440 shares during the quarter. Gateway Investment Advisers LLC's holdings in Vodafone Group were worth $4,650,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. ACR Alpine Capital Research LLC increased its position in shares of Vodafone Group by 0.9% during the third quarter. ACR Alpine Capital Research LLC now owns 26,095,086 shares of the cell phone carrier's stock worth $302,703,000 after buying an additional 228,325 shares during the period. Bank of America Corp DE increased its position in shares of Vodafone Group by 9.1% during the third quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier's stock worth $85,041,000 after buying an additional 610,409 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Vodafone Group by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 5,518,066 shares of the cell phone carrier's stock worth $64,010,000 after buying an additional 76,534 shares during the period. SALT Holding Corp. increased its position in shares of Vodafone Group by 5.5% during the third quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier's stock worth $44,324,000 after buying an additional 197,500 shares during the period. Finally, ABC Arbitrage SA increased its position in shares of Vodafone Group by 22.7% during the third quarter. ABC Arbitrage SA now owns 3,646,412 shares of the cell phone carrier's stock worth $42,298,000 after buying an additional 673,508 shares during the period. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VOD has been the subject of several recent analyst reports. Zacks Research upgraded shares of Vodafone Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Vodafone Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday. Finally, UBS Group upgraded shares of Vodafone Group from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $72.00.

Vodafone Group Price Performance

Vodafone Group stock opened at $15.69 on Friday. Vodafone Group PLC has a 1-year low of $8.98 and a 1-year high of $16.22. The firm's fifty day moving average price is $15.13 and its two-hundred day moving average price is $13.90. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

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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