General American Investors Co. Inc. Raises Stake in Vodafone Group PLC (VOD)

General American Investors Co. Inc. increased its stake in Vodafone Group PLC (NASDAQ:VOD) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 521,252 shares of the cell phone carrier’s stock after buying an additional 62,500 shares during the period. General American Investors Co. Inc.’s holdings in Vodafone Group PLC were worth $14,976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Vodafone Group PLC by 68.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,862 shares of the cell phone carrier’s stock valued at $102,000 after buying an additional 1,571 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Vodafone Group PLC by 239.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,217 shares of the cell phone carrier’s stock valued at $111,000 after buying an additional 2,975 shares during the period. Winslow Evans & Crocker Inc. raised its position in shares of Vodafone Group PLC by 4.2% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,956 shares of the cell phone carrier’s stock valued at $131,000 after buying an additional 200 shares during the period. Washington Trust Bank raised its position in shares of Vodafone Group PLC by 26.2% in the first quarter. Washington Trust Bank now owns 5,011 shares of the cell phone carrier’s stock valued at $132,000 after buying an additional 1,040 shares during the period. Finally, Pacific Center for Financial Services raised its position in shares of Vodafone Group PLC by 9.9% in the first quarter. Pacific Center for Financial Services now owns 5,018 shares of the cell phone carrier’s stock valued at $133,000 after buying an additional 452 shares during the period. Institutional investors and hedge funds own 10.88% of the company’s stock.

Shares of Vodafone Group PLC (NASDAQ:VOD) opened at 29.82 on Thursday. Vodafone Group PLC has a 12 month low of $24.17 and a 12 month high of $31.69. The stock’s market capitalization is $79.39 billion. The company’s 50-day moving average is $29.14 and its 200 day moving average is $27.29.

The company also recently announced a semiannual dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, June 9th were issued a $1.1234 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This is an increase from Vodafone Group PLC’s previous semiannual dividend of $0.56. This represents a yield of 7.74%.

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Several research analysts have commented on the stock. J P Morgan Chase & Co restated a “buy” rating on shares of Vodafone Group PLC in a report on Monday, July 31st. BidaskClub upgraded shares of Vodafone Group PLC from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Numis Securities Ltd assumed coverage on shares of Vodafone Group PLC in a report on Friday, July 14th. They issued an “add” rating for the company. Barclays PLC lowered shares of Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, May 19th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Vodafone Group PLC in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.64.

Vodafone Group PLC 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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Institutional Ownership by Quarter for Vodafone Group PLC (NASDAQ:VOD)

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