Schafer Cullen Capital Management INC Holds Holding in Vodafone Group Plc (Adr) (VOD)

Vodafone Group Plc (NASDAQ:VOD) Logo

Schafer Cullen Capital Management Inc increased its stake in Vodafone Group Plc (Adr) (VOD) by 36.15% based on its latest 2018Q4 regulatory filing with the SEC. Schafer Cullen Capital Management Inc bought 411,110 shares as the company’s stock declined 21.30% while stock markets rallied. The hedge fund held 1.55 million shares of the telecommunications equipment company at the end of 2018Q4, valued at $29.85 million, up from 1.14 million at the end of the previous reported quarter. Schafer Cullen Capital Management Inc who had been investing in Vodafone Group Plc (Adr) for a number of months, seems to be bullish on the $52.00 billion market cap company. The stock increased 2.42% or $0.45 during the last trading session, reaching $19.04. About 6.52M shares traded or 5.51% up from the average. Vodafone Group Plc (NASDAQ:VOD) has declined 38.84% since March 17, 2018 and is downtrending. It has underperformed by 43.21% the S&P500.

Schafer Cullen Capital Management Inc, which manages about $10.62B and $6.49 billion US Long portfolio, decreased its stake in China Petroleum & Chemical Cor (NYSE:SNP) by 225,742 shares to 557,508 shares, valued at $39.36M in 2018Q4, according to the filing. It also reduced its holding in Nippon Telegraph & Telephone C (NYSE:NTT) by 266,544 shares in the quarter, leaving it with 1.22 million shares, and cut its stake in Ase Technology Holding Co. Ltd.

More notable recent Vodafone Group Plc (NASDAQ:VOD) news were published by: Streetinsider.com which released: “Vodafone (VOD) and Telecom Italia (TI) Enter Into Network Sharing Partnership – StreetInsider.com” on February 21, 2019, also Seekingalpha.com with their article: “Vodafone plans €4B in convertible debt for Liberty deal – Seeking Alpha” published on March 05, 2019, Nasdaq.com published: “Pre-Market Most Active for Mar 5, 2019 : ACB, TGT, QQQ, SQQQ, SAN, NIO, VOD, JMU, VEON, ADMS, HUYA, CRM – Nasdaq” on March 05, 2019. More interesting news about Vodafone Group Plc (NASDAQ:VOD) were released by: Seekingalpha.com and their article: “Time To Video Chat Vodafone – Seeking Alpha” published on March 09, 2019 as well as Investorplace.com‘s news article titled: “7 High-Yield Telecom Stocks to Avoid – Investorplace.com” with publication date: March 08, 2019.

Vodafone Group Plc (NASDAQ:VOD) Ratings Coverage

Among 5 analysts covering Vodafone Group (NASDAQ:VOD), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Vodafone Group had 7 analyst reports since October 8, 2018 according to SRatingsIntel. Bank of America upgraded the shares of VOD in report on Wednesday, February 6 to “Buy” rating. CFRA upgraded Vodafone Group Plc (NASDAQ:VOD) on Tuesday, November 13 to “Strong Buy” rating. The firm has “Market Perform” rating by Raymond James given on Tuesday, October 9. As per Wednesday, March 13, the company rating was maintained by Argus Research. The stock has “Hold” rating by Jefferies on Monday, October 8.

Vodafone Group Plc (NASDAQ:VOD) Ratings Chart

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