HighTower Advisors LLC Buys 101,599 Shares of Vodafone Group PLC (VOD)

HighTower Advisors LLC raised its stake in Vodafone Group PLC (NASDAQ:VOD) by 16.8% during the first quarter, Holdings Channel reports. The firm owned 705,218 shares of the cell phone carrier’s stock after buying an additional 101,599 shares during the period. HighTower Advisors LLC’s holdings in Vodafone Group PLC were worth $18,618,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its stake in Vodafone Group PLC by 68.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,862 shares of the cell phone carrier’s stock valued at $102,000 after buying an additional 1,571 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Vodafone Group PLC by 239.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,217 shares of the cell phone carrier’s stock valued at $111,000 after buying an additional 2,975 shares during the period. Pacific Center for Financial Services acquired a new stake in Vodafone Group PLC during the fourth quarter valued at $112,000. Winslow Evans & Crocker Inc. raised its stake in Vodafone Group PLC by 4.2% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,956 shares of the cell phone carrier’s stock valued at $131,000 after buying an additional 200 shares during the period. Finally, Washington Trust Bank raised its stake in Vodafone Group PLC by 26.2% in the first quarter. Washington Trust Bank now owns 5,011 shares of the cell phone carrier’s stock valued at $132,000 after buying an additional 1,040 shares during the period. Hedge funds and other institutional investors own 10.46% of the company’s stock.

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

Shares of Vodafone Group PLC (NASDAQ:VOD) traded up 0.11% during midday trading on Wednesday, hitting $28.55. 2,950,359 shares of the company’s stock were exchanged. The firm’s market cap is $76.01 billion. The company has a 50-day moving average of $28.65 and a 200-day moving average of $26.34. Vodafone Group PLC has a 52 week low of $24.17 and a 52 week high of $32.68.

The firm also recently announced a semiannual dividend, which will be paid on Friday, August 4th. Investors of record on Friday, June 9th will be issued a dividend of $1.1234 per share. This is a boost from Vodafone Group PLC’s previous semiannual dividend of $0.56. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a yield of 7.74%.

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Several brokerages have commented on VOD. J P Morgan Chase & Co restated a “buy” rating on shares of Vodafone Group PLC in a research note on Wednesday, June 14th. BidaskClub lowered shares of Vodafone Group PLC from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Sanford C. Bernstein restated an “outperform” rating on shares of Vodafone Group PLC in a research note on Friday, June 16th. Standpoint Research lowered shares of Vodafone Group PLC from an “accumulate” rating to a “reduce” rating and set a $30.00 price objective on the stock. in a research note on Thursday, June 1st. Finally, Barclays PLC lowered shares of Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.12.

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.

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