Grantham Mayo Van Otterloo & Co. LLC Sells 1,308,333 Shares of Vodafone Group PLC $VOD

Grantham Mayo Van Otterloo & Co. LLC lowered its holdings in Vodafone Group PLC (NASDAQ:VOD) by 11.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,583,678 shares of the cell phone carrier’s stock after selling 1,308,333 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Vodafone Group were worth $122,771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of VOD. AQR Capital Management LLC increased its position in shares of Vodafone Group by 21.4% in the first quarter. AQR Capital Management LLC now owns 66,351 shares of the cell phone carrier’s stock worth $622,000 after purchasing an additional 11,703 shares during the last quarter. Empowered Funds LLC grew its stake in Vodafone Group by 1.9% in the 1st quarter. Empowered Funds LLC now owns 296,581 shares of the cell phone carrier’s stock worth $2,779,000 after buying an additional 5,592 shares in the last quarter. Focus Partners Wealth grew its stake in Vodafone Group by 19.7% in the 1st quarter. Focus Partners Wealth now owns 20,830 shares of the cell phone carrier’s stock worth $195,000 after buying an additional 3,435 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Vodafone Group by 108.1% in the 2nd quarter. Savant Capital LLC now owns 24,990 shares of the cell phone carrier’s stock worth $266,000 after buying an additional 12,983 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of Vodafone Group during the 2nd quarter valued at $236,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on VOD shares. Zacks Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Barclays upgraded Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Vodafone Group has an average rating of “Reduce” and an average target price of $72.00.

Vodafone Group Price Performance

Vodafone Group stock opened at $14.51 on Friday. The firm has a fifty day simple moving average of $14.53 and a two-hundred day simple moving average of $12.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. Vodafone Group PLC has a twelve month low of $8.05 and a twelve month high of $15.91.

Vodafone Group Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.