Smith Salley & Associates Sells 7,453 Shares of Vodafone Group Plc (VOD)

Smith Salley & Associates trimmed its position in shares of Vodafone Group Plc (NASDAQ:VOD) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 381,150 shares of the cell phone carrier’s stock after selling 7,453 shares during the period. Vodafone Group comprises about 1.3% of Smith Salley & Associates’ portfolio, making the stock its 26th biggest position. Smith Salley & Associates’ holdings in Vodafone Group were worth $8,271,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Palo Capital Inc. purchased a new position in Vodafone Group in the third quarter valued at approximately $126,000. Bessemer Group Inc. increased its stake in Vodafone Group by 149.8% in the second quarter. Bessemer Group Inc. now owns 5,321 shares of the cell phone carrier’s stock valued at $129,000 after purchasing an additional 3,191 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Vodafone Group by 722.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,462 shares of the cell phone carrier’s stock valued at $133,000 after purchasing an additional 4,798 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Vodafone Group in the second quarter valued at approximately $143,000. Finally, NumerixS Investment Technologies Inc purchased a new position in Vodafone Group in the second quarter valued at approximately $153,000. Hedge funds and other institutional investors own 9.70% of the company’s stock.

Shares of VOD opened at $18.79 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. The company has a market cap of $52.04 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.80 and a beta of 0.88. Vodafone Group Plc has a 12-month low of $18.45 and a 12-month high of $32.75.

VOD has been the topic of several recent analyst reports. BidaskClub lowered shares of Vodafone Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 17th. Zacks Investment Research lowered shares of Vodafone Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Deutsche Bank reiterated a “buy” rating on shares of Vodafone Group in a research note on Thursday, July 26th. UBS Group reiterated a “buy” rating on shares of Vodafone Group in a research note on Tuesday, August 7th. Finally, Bank of America lowered shares of Vodafone Group from a “buy” rating to a “neutral” rating in a research note on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $33.36.

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

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