AE Wealth Management LLC boosted its position in Vodafone Group Plc (NASDAQ:VOD) by 33.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,843 shares of the cell phone carrier’s stock after purchasing an additional 12,864 shares during the quarter. AE Wealth Management LLC’s holdings in Vodafone Group were worth $1,260,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VOD. O Shaughnessy Asset Management LLC raised its holdings in Vodafone Group by 48.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,702 shares of the cell phone carrier’s stock worth $409,000 after purchasing an additional 4,817 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of Vodafone Group during the first quarter valued at $2,076,000. Clifford Swan Investment Counsel LLC increased its holdings in shares of Vodafone Group by 21.3% during the first quarter. Clifford Swan Investment Counsel LLC now owns 176,887 shares of the cell phone carrier’s stock valued at $4,921,000 after acquiring an additional 31,081 shares in the last quarter. GFS Advisors LLC increased its holdings in shares of Vodafone Group by 22.7% during the first quarter. GFS Advisors LLC now owns 63,568 shares of the cell phone carrier’s stock valued at $1,768,000 after acquiring an additional 11,775 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Vodafone Group by 6.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 116,695 shares of the cell phone carrier’s stock valued at $3,246,000 after acquiring an additional 6,601 shares in the last quarter. Institutional investors and hedge funds own 10.08% of the company’s stock.
Vodafone Group stock opened at $22.27 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.97. Vodafone Group Plc has a one year low of $21.13 and a one year high of $32.75. The firm has a market cap of $58.15 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.74 and a beta of 0.83.
Several equities analysts have recently weighed in on VOD shares. Deutsche Bank restated a “buy” rating on shares of Vodafone Group in a report on Thursday, July 26th. UBS Group restated a “buy” rating on shares of Vodafone Group in a report on Tuesday, August 7th. Argus reduced their price target on Vodafone Group from $36.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, June 13th. Citigroup upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a report on Thursday, September 6th. Finally, Standpoint Research upgraded Vodafone Group from a “reduce” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $33.36.
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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