Canada Pension Plan Investment Board Takes $7.83 Million Position in Vodafone Group Plc (VOD)

Canada Pension Plan Investment Board acquired a new stake in Vodafone Group Plc (NASDAQ:VOD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 360,600 shares of the cell phone carrier’s stock, valued at approximately $7,825,000.

Several other large investors have also recently bought and sold shares of the company. Zions Bancorporation increased its position in Vodafone Group by 16.2% during the third quarter. Zions Bancorporation now owns 72,979 shares of the cell phone carrier’s stock worth $1,584,000 after purchasing an additional 10,169 shares during the last quarter. Trust Department MB Financial Bank N A increased its position in Vodafone Group by 33.7% during the third quarter. Trust Department MB Financial Bank N A now owns 39,654 shares of the cell phone carrier’s stock worth $860,000 after purchasing an additional 10,000 shares during the last quarter. AE Wealth Management LLC increased its position in Vodafone Group by 33.0% during the second quarter. AE Wealth Management LLC now owns 51,843 shares of the cell phone carrier’s stock worth $1,260,000 after purchasing an additional 12,864 shares during the last quarter. First Trust Advisors LP increased its position in Vodafone Group by 22.2% during the third quarter. First Trust Advisors LP now owns 1,228,825 shares of the cell phone carrier’s stock worth $26,666,000 after purchasing an additional 223,288 shares during the last quarter. Finally, Parsec Financial Management Inc. increased its position in Vodafone Group by 4.4% during the third quarter. Parsec Financial Management Inc. now owns 682,186 shares of the cell phone carrier’s stock worth $14,803,000 after purchasing an additional 28,602 shares during the last quarter. 9.66% of the stock is owned by institutional investors and hedge funds.

VOD has been the subject of several research analyst reports. Cfra raised shares of Vodafone Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 13th. Bank of America lowered shares of Vodafone Group from a “buy” rating to a “neutral” rating in a research report on Thursday, August 30th. Jefferies Financial Group lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Sanford C. Bernstein raised shares of Vodafone Group from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Tuesday, September 4th. Finally, Standpoint Research raised shares of Vodafone Group from a “reduce” rating to a “buy” rating in a research report on Tuesday, September 11th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Vodafone Group has a consensus rating of “Buy” and a consensus target price of $33.36.

Vodafone Group stock opened at $20.48 on Friday. Vodafone Group Plc has a 52-week low of $18.45 and a 52-week high of $32.75. The firm has a market capitalization of $55.27 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.68 and a beta of 0.91. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.70.

The firm also recently disclosed a semiannual dividend, which will be paid on Friday, February 1st. Stockholders of record on Friday, November 23rd will be given a $0.5455 dividend. This represents a dividend yield of 5.36%. The ex-dividend date is Wednesday, November 21st. Vodafone Group’s payout ratio is currently 77.94%.

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About Vodafone Group

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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