TIAA CREF Investment Management LLC Sells 412,040 Shares of Vodafone Group PLC (NASDAQ:VOD)

TIAA CREF Investment Management LLC reduced its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 88.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,560 shares of the cell phone carrier’s stock after selling 412,040 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Vodafone Group PLC were worth $1,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fisher Asset Management LLC boosted its stake in Vodafone Group PLC by 90.8% during the 2nd quarter. Fisher Asset Management LLC now owns 23,702,619 shares of the cell phone carrier’s stock valued at $680,976,000 after purchasing an additional 11,281,706 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Vodafone Group PLC by 5.4% during the 2nd quarter. Federated Investors Inc. PA now owns 9,620,051 shares of the cell phone carrier’s stock valued at $276,384,000 after purchasing an additional 492,968 shares in the last quarter. BlackRock Inc. boosted its stake in Vodafone Group PLC by 8,534.1% during the 1st quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock valued at $114,716,000 after purchasing an additional 4,290,072 shares in the last quarter. Hamlin Capital Management LLC boosted its stake in shares of Vodafone Group PLC by 1.2% during the 2nd quarter. Hamlin Capital Management LLC now owns 3,067,049 shares of the cell phone carrier’s stock worth $88,116,000 after acquiring an additional 35,068 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Vodafone Group PLC by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,895,303 shares of the cell phone carrier’s stock worth $83,185,000 after acquiring an additional 189,983 shares in the last quarter. 10.00% of the stock is owned by hedge funds and other institutional investors.

Shares of Vodafone Group PLC (NASDAQ VOD) opened at $30.48 on Wednesday. Vodafone Group PLC has a 1-year low of $24.17 and a 1-year high of $30.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 1.01.

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Several research firms have recently weighed in on VOD. BidaskClub raised Vodafone Group PLC from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Zacks Investment Research lowered Vodafone Group PLC from a “hold” rating to a “sell” rating in a research note on Tuesday. J P Morgan Chase & Co reissued a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. UBS AG reissued a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, October 2nd. Finally, Bank of America Corporation raised Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 price objective for the company in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Vodafone Group PLC has an average rating of “Hold” and a consensus price target of $31.52.

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.

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

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