Meritage Portfolio Management Makes New Investment in Vodafone Group Plc (NASDAQ:VOD)


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Meritage Portfolio Management acquired a new position in shares of Vodafone Group Plc (NASDAQ:VOD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 109,810 shares of the cell phone carrier’s stock, valued at approximately $2,024,000.

A number of other hedge funds also recently added to or reduced their stakes in VOD. Jeppson Wealth Management LLC acquired a new stake in shares of Vodafone Group during the third quarter worth $28,000. RMR Wealth Builders acquired a new stake in shares of Vodafone Group during the fourth quarter worth $28,000. Accel Wealth Management acquired a new stake in shares of Vodafone Group during the fourth quarter worth $30,000. Capital Asset Advisory Services LLC acquired a new stake in shares of Vodafone Group during the fourth quarter worth $36,000. Finally, Encompass Wealth Advisors LLC acquired a new position in Vodafone Group in the fourth quarter valued at about $38,000. 8.30% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 9th. Barclays reaffirmed an “overweight” rating on shares of Vodafone Group in a research note on Thursday, February 4th. Morgan Stanley assumed coverage on Vodafone Group in a research note on Thursday, March 25th. They issued an “overweight” rating for the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Vodafone Group in a research note on Thursday, February 4th. Finally, Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 6th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Vodafone Group has an average rating of “Buy” and a consensus price target of $18.00.

NASDAQ:VOD opened at $19.26 on Tuesday. The stock has a market cap of $54.36 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 1.03. The stock’s 50-day moving average is $18.79 and its 200-day moving average is $17.34. Vodafone Group Plc has a 1-year low of $13.14 and a 1-year high of $19.45.

Vodafone Group Profile

Vodafone Group Plc engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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

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