Vodafone Group PLC $VOD Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 22.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,194,203 shares of the cell phone carrier's stock after acquiring an additional 409,376 shares during the period. Northern Trust Corp owned 0.09% of Vodafone Group worth $20,560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ACR Alpine Capital Research LLC raised its position in shares of Vodafone Group by 16.8% in the 1st 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. boosted its stake in Vodafone Group by 18.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,998,450 shares of the cell phone carrier's stock valued at $56,205,000 after purchasing an additional 944,189 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Vodafone Group by 1.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,499,770 shares of the cell phone carrier's stock worth $51,533,000 after purchasing an additional 69,986 shares in the last quarter. Bank of America Corp DE raised its position in Vodafone Group by 1.8% in the 4th quarter. Bank of America Corp DE now owns 4,307,572 shares of the cell phone carrier's stock worth $36,571,000 after buying an additional 76,608 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in Vodafone Group by 341.2% during 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 purchasing an additional 3,206,506 shares during the period. Institutional investors own 7.84% of the company's stock.

Vodafone Group Stock Performance

Vodafone Group stock traded down $0.02 during mid-day trading on Wednesday, hitting $11.70. The company had a trading volume of 4,707,242 shares, compared to its average volume of 4,830,297. Vodafone Group PLC has a 12-month low of $8.00 and a 12-month high of $12.06. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The company's fifty day moving average is $11.28 and its 200-day moving average is $10.08. The company has a market capitalization of $28.43 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 0.57 and a beta of 0.65.

Analyst Ratings Changes

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

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.