Vodafone Group Plc (VOD) Position Lifted by Comerica Bank
Comerica Bank boosted its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 227,383 shares of the cell phone carrier’s stock after buying an additional 5,311 shares during the period. Comerica Bank’s holdings in Vodafone Group were worth $7,361,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. WealthTrust Axiom LLC raised its position in Vodafone Group by 2.7% during the fourth quarter. WealthTrust Axiom LLC now owns 177,695 shares of the cell phone carrier’s stock valued at $5,668,000 after buying an additional 4,590 shares during the period. Summit Securities Group LLC raised its position in Vodafone Group by 7,048.1% during the fourth quarter. Summit Securities Group LLC now owns 19,300 shares of the cell phone carrier’s stock valued at $616,000 after buying an additional 19,030 shares during the period. CIBC World Markets Inc. grew its stake in Vodafone Group by 8.8% in the fourth quarter. CIBC World Markets Inc. now owns 87,378 shares of the cell phone carrier’s stock valued at $2,787,000 after purchasing an additional 7,032 shares in the last quarter. Howland Capital Management LLC grew its stake in Vodafone Group by 2.7% in the fourth quarter. Howland Capital Management LLC now owns 515,786 shares of the cell phone carrier’s stock valued at $16,454,000 after purchasing an additional 13,649 shares in the last quarter. Finally, Dean Capital Investments Management LLC purchased a new position in Vodafone Group in the fourth quarter valued at about $223,000. 10.35% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on VOD. Bank of America restated a “buy” rating and issued a $37.26 target price on shares of Vodafone Group in a research note on Monday. Numis Securities upgraded Vodafone Group from an “add” rating to a “buy” rating in a research note on Monday. BidaskClub downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research downgraded Vodafone Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, Raymond James Financial upgraded Vodafone Group from a “market perform” rating to a “strong-buy” rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Vodafone Group has a consensus rating of “Buy” and an average price target of $33.32.
The company also recently announced a semiannual dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, November 24th were paid a $0.5642 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a yield of 3.68%. Vodafone Group’s dividend payout ratio (DPR) is currently -302.63%.
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Vodafone Group 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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