30,371 Shares in Vodafone Group PLC $VOD Acquired by Modern Wealth Management LLC

Key Points

• Modern Wealth Management LLC acquired 30,371 shares of Vodafone Group PLC, valued at approximately $285,000, marking a new position for the fund in the first quarter.
• A range of hedge funds increased their stakes in Vodafone Group, with ACR Alpine Capital Research LLC raising its stake by 16.8% and Deutsche Bank AG increasing theirs by an extraordinary 63,786.2% in the same quarter.
• Analysts have mixed ratings on Vodafone Group, with Zacks upgrading the stock to "hold," whereas Goldman Sachs downgraded it to "sell" with a price target of $136.00.

Modern Wealth Management LLC bought a new position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,371 shares of the cell phone carrier's stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. boosted its holdings in shares of Vodafone Group by 65.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock valued at $30,000 after purchasing an additional 1,250 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Vodafone Group in the 1st quarter valued at $31,000. NBC Securities Inc. increased its stake in Vodafone Group by 116,833.3% during the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock worth $32,000 after buying an additional 3,505 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Vodafone Group during the 1st quarter worth $60,000. Finally, Pacific Center for Financial Services increased its stake in Vodafone Group by 33.0% during the 4th quarter. Pacific Center for Financial Services now owns 9,794 shares of the cell phone carrier's stock worth $83,000 after buying an additional 2,428 shares during the period. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Stock Performance

Vodafone Group stock traded down $0.02 during midday trading on Friday, reaching $11.41. 4,688,171 shares of the stock traded hands, compared to its average volume of 4,499,400. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The firm has a fifty day moving average price of $11.51 and a two-hundred day moving average price of $10.34. The firm has a market cap of $27.51 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.55 and a beta of 0.65. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $12.06.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VOD shares. Wall Street Zen downgraded shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Morgan Stanley initiated coverage on shares of Vodafone Group in a research report on Wednesday, July 2nd. They issued an "equal weight" rating for the company. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a report on Thursday, June 26th. Zacks Research raised shares of Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group lowered shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price target for the company. in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Vodafone Group currently has a consensus rating of "Reduce" and an average price target of $136.00.

Vodafone Group Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.