Gateway Investment Advisers LLC Acquires 142,440 Shares of Vodafone Group PLC $VOD

Gateway Investment Advisers LLC raised its holdings in Vodafone Group PLC (NASDAQ:VOD) by 68.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 352,038 shares of the cell phone carrier’s stock after buying an additional 142,440 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Vodafone Group were worth $4,650,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Vodafone Group by 156.8% in the fourth quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock valued at $30,000 after buying an additional 1,389 shares in the last quarter. American Capital Advisory LLC lifted its stake in shares of Vodafone Group by 40.8% in the fourth quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after buying an additional 696 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after buying an additional 946 shares in the last quarter. CENTRAL TRUST Co lifted its stake in shares of Vodafone Group by 129.6% in the fourth quarter. CENTRAL TRUST Co now owns 3,915 shares of the cell phone carrier’s stock valued at $52,000 after buying an additional 2,210 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Vodafone Group by 38.2% in the fourth quarter. Sound Income Strategies LLC now owns 4,766 shares of the cell phone carrier’s stock valued at $64,000 after buying an additional 1,317 shares in the last quarter. 7.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VOD shares. UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings lowered shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Zacks Research upgraded shares of Vodafone Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.00.

Vodafone Group Stock Performance

Shares of VOD stock opened at $15.69 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. Vodafone Group PLC has a 52 week low of $8.98 and a 52 week high of $16.22. The firm’s 50-day simple moving average is $15.13 and its two-hundred day simple moving average is $13.90.

Vodafone Group Company 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.