Mediolanum International Funds Ltd Invests $82.72 Million in Vodafone Group Public Limited (NASDAQ:VOD)

Mediolanum International Funds Ltd acquired a new position in shares of Vodafone Group Public Limited (NASDAQ:VOD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,255,100 shares of the cell phone carrier’s stock, valued at approximately $82,716,000. Vodafone Group Public makes up about 1.1% of Mediolanum International Funds Ltd’s investment portfolio, making the stock its 18th biggest position. Mediolanum International Funds Ltd owned about 0.31% of Vodafone Group Public at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VOD. GAMMA Investing LLC raised its holdings in shares of Vodafone Group Public by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock worth $35,000 after acquiring an additional 2,102 shares during the last quarter. Asset Dedication LLC raised its holdings in shares of Vodafone Group Public by 630.9% in the 2nd quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock worth $41,000 after acquiring an additional 4,000 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of Vodafone Group Public by 1,493.2% in the 3rd quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock worth $47,000 after acquiring an additional 4,405 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vodafone Group Public in the 1st quarter worth about $46,000. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Vodafone Group Public by 230.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier’s stock worth $48,000 after acquiring an additional 3,775 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. New Street Research upgraded shares of Vodafone Group Public to a “strong-buy” rating in a research note on Monday, July 8th. Finally, StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Vodafone Group Public Trading Up 0.5 %

Shares of Vodafone Group Public stock traded up $0.05 on Friday, reaching $9.56. 974,149 shares of the company traded hands, compared to its average volume of 6,119,766. Vodafone Group Public Limited has a 52 week low of $8.02 and a 52 week high of $10.39. The company has a 50 day moving average of $9.84 and a 200 day moving average of $9.30. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.