Vodafone Group Plc (VOD) Holdings Raised by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 191.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,627 shares of the cell phone carrier’s stock after purchasing an additional 175,848 shares during the quarter. CIBC Asset Management Inc’s holdings in Vodafone Group were worth $4,836,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Winslow Evans & Crocker Inc. boosted its position in shares of Vodafone Group by 4.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 13,504 shares of the cell phone carrier’s stock valued at $248,000 after acquiring an additional 564 shares during the period. Klingenstein Fields & Co. LLC raised its stake in shares of Vodafone Group by 1.2% in the first quarter. Klingenstein Fields & Co. LLC now owns 54,412 shares of the cell phone carrier’s stock valued at $989,000 after purchasing an additional 647 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Vodafone Group by 35.7% in the first quarter. Kistler Tiffany Companies LLC now owns 2,872 shares of the cell phone carrier’s stock valued at $52,000 after purchasing an additional 755 shares in the last quarter. IPG Investment Advisors LLC raised its stake in shares of Vodafone Group by 5.2% in the fourth quarter. IPG Investment Advisors LLC now owns 16,156 shares of the cell phone carrier’s stock valued at $311,000 after purchasing an additional 800 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Vodafone Group by 27.7% in the fourth quarter. Bessemer Group Inc. now owns 4,062 shares of the cell phone carrier’s stock valued at $78,000 after purchasing an additional 880 shares in the last quarter. 8.11% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group stock opened at $16.06 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.27. Vodafone Group Plc has a 52-week low of $16.04 and a 52-week high of $27.10. The firm has a market cap of $44.73 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 2.13 and a beta of 0.73.

A number of research analysts recently commented on the company. Macquarie upgraded Vodafone Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 20th. BidaskClub lowered Vodafone Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Zacks Investment Research upgraded Vodafone Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Thursday, March 28th. Argus cut their target price on Vodafone Group to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Finally, Bank of America upgraded Vodafone Group from a “neutral” rating to a “buy” rating and set a $18.50 target price for the company in a research note on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $25.13.

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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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