Cetera Advisor Networks LLC boosted its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 47.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,438 shares of the cell phone carrier’s stock after acquiring an additional 24,425 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Vodafone Group were worth $1,391,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in VOD. OLD Second National Bank of Aurora grew its holdings in shares of Vodafone Group by 277.2% during the first quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock worth $25,000 after purchasing an additional 984 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Vodafone Group by 282.3% during the first quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock worth $25,000 after purchasing an additional 1,019 shares during the last quarter. Sontag Advisory LLC bought a new stake in shares of Vodafone Group during the fourth quarter worth $26,000. Lenox Wealth Management Inc. grew its holdings in shares of Vodafone Group by 168.7% during the fourth quarter. Lenox Wealth Management Inc. now owns 1,814 shares of the cell phone carrier’s stock worth $35,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC grew its holdings in shares of Vodafone Group by 881.1% during the first quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock worth $40,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 8.11% of the company’s stock.
Several brokerages have recently commented on VOD. Zacks Investment Research upgraded Vodafone Group from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, March 28th. BidaskClub upgraded Vodafone Group from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Argus decreased their target price on Vodafone Group to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Finally, Exane BNP Paribas cut Vodafone Group from an “outperform” rating to a “neutral” rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Vodafone Group has a consensus rating of “Buy” and an average price target of $25.13.
Vodafone Group stock opened at $16.06 on Thursday. The stock has a market capitalization of $44.73 billion, a P/E ratio of 11.81, a PEG ratio of 2.13 and a beta of 0.73. Vodafone Group Plc has a 12-month low of $16.04 and a 12-month high of $27.10. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.70.
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Vodafone Group Profile
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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