MAI Capital Management Increases Stake in Vodafone Group Plc (NASDAQ:VOD)

MAI Capital Management raised its position in Vodafone Group Plc (NASDAQ:VOD) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,646 shares of the cell phone carrier’s stock after acquiring an additional 1,425 shares during the period. MAI Capital Management’s holdings in Vodafone Group were worth $230,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Northstar Investment Advisors LLC raised its stake in shares of Vodafone Group by 2.4% in the 1st quarter. Northstar Investment Advisors LLC now owns 140,242 shares of the cell phone carrier’s stock valued at $2,550,000 after purchasing an additional 3,283 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Vodafone Group in the 1st quarter valued at about $2,798,000. Rehmann Capital Advisory Group grew its holdings in shares of Vodafone Group by 62.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 9,162 shares of the cell phone carrier’s stock valued at $177,000 after acquiring an additional 3,533 shares in the last quarter. Advisors Capital Management LLC grew its holdings in shares of Vodafone Group by 19.6% in the 4th quarter. Advisors Capital Management LLC now owns 763,300 shares of the cell phone carrier’s stock valued at $14,716,000 after acquiring an additional 125,125 shares in the last quarter. Finally, Armor Investment Advisors LLC grew its holdings in shares of Vodafone Group by 28.8% in the 4th quarter. Armor Investment Advisors LLC now owns 31,784 shares of the cell phone carrier’s stock valued at $613,000 after acquiring an additional 7,100 shares in the last quarter. 13.41% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the company. HSBC upgraded Vodafone Group from a “hold” rating to a “buy” rating and set a $15.99 price objective for the company in a report on Friday. BidaskClub cut Vodafone Group from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded Vodafone Group from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. Macquarie upgraded Vodafone Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 20th. Finally, Argus reduced their price target on Vodafone Group to $21.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $23.30.

Shares of NASDAQ VOD traded up $0.43 during midday trading on Friday, reaching $15.99. The company’s stock had a trading volume of 4,045,286 shares, compared to its average volume of 5,003,982. The company has a current ratio of 1.55, a quick ratio of 1.52 and a debt-to-equity ratio of 0.77. Vodafone Group Plc has a fifty-two week low of $15.53 and a fifty-two week high of $26.69. The company has a market cap of $42.60 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.87 and a beta of 0.73.

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Vodafone Group Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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