Vodafone Group PLC (VOD) Stake Reduced by Schafer Cullen Capital Management Inc.

Schafer Cullen Capital Management Inc. reduced its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 9.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,922,920 shares of the cell phone carrier’s stock after selling 410,951 shares during the period. Schafer Cullen Capital Management Inc.’s holdings in Vodafone Group PLC were worth $114,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cullen Capital Management LLC boosted its position in shares of Vodafone Group PLC by 618.0% in the third quarter. Cullen Capital Management LLC now owns 1,062,855 shares of the cell phone carrier’s stock worth $30,982,000 after buying an additional 914,820 shares in the last quarter. Balentine LLC boosted its position in shares of Vodafone Group PLC by 2,682.3% in the third quarter. Balentine LLC now owns 13,327 shares of the cell phone carrier’s stock worth $388,000 after buying an additional 12,848 shares in the last quarter. Financial Partners Capital Management LLC boosted its position in shares of Vodafone Group PLC by 0.4% in the third quarter. Financial Partners Capital Management LLC now owns 348,891 shares of the cell phone carrier’s stock worth $9,706,000 after buying an additional 1,322 shares in the last quarter. Laffer Investments boosted its position in shares of Vodafone Group PLC by 5.2% in the third quarter. Laffer Investments now owns 25,896 shares of the cell phone carrier’s stock worth $755,000 after buying an additional 1,281 shares in the last quarter. Finally, Cetera Advisor Networks LLC boosted its position in shares of Vodafone Group PLC by 74.1% in the third quarter. Cetera Advisor Networks LLC now owns 47,936 shares of the cell phone carrier’s stock worth $1,397,000 after buying an additional 20,399 shares in the last quarter. Institutional investors and hedge funds own 9.78% of the company’s stock.

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

Shares of Vodafone Group PLC (NASDAQ:VOD) opened at 25.00 on Monday. The firm has a 50-day moving average price of $25.27 and a 200-day moving average price of $27.57. Vodafone Group PLC has a 52 week low of $24.17 and a 52 week high of $34.70. The firm’s market capitalization is $69.78 billion.

ILLEGAL ACTIVITY WARNING: “Vodafone Group PLC (VOD) Stake Reduced by Schafer Cullen Capital Management Inc.” was posted by sleekmoney and is the property of of sleekmoney. If you are accessing this story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The original version of this story can be read at http://sleekmoney.com/vodafone-group-plc-vod-stake-reduced-by-schafer-cullen-capital-management-inc/1657596.html.

A number of brokerages have recently weighed in on VOD. J P Morgan Chase & Co restated a “buy” rating on shares of Vodafone Group PLC in a research report on Tuesday, January 31st. Bank of America Corporation cut Vodafone Group PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 25th. HSBC Holdings plc cut Vodafone Group PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Goldman Sachs Group, Inc. (The) upgraded Vodafone Group PLC from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 10th. Finally, Barclays PLC reiterated a “buy” rating on shares of Vodafone Group PLC in a research report on Sunday, January 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Vodafone Group PLC presently has an average rating of “Buy” and a consensus price target of $30.35.

Vodafone Group PLC Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

5 Day Chart for NASDAQ:VOD

Want to see what other hedge funds are holding VOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vodafone Group PLC (NASDAQ:VOD).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/vodafone-group-plc-vod-stake-reduced-by-schafer-cullen-capital-management-inc/1657596.html

Receive News & Ratings for Vodafone Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *