5,000,932 Vodafone Group PLC $VOD Shares Purchased by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management sharply increased its Vodafone stake, buying 5,000,932 shares in the third quarter. It ended the period with 5,016,477 shares worth about $81 million, representing 5.6% of its portfolio.
• Analyst views are evenly split: four rate Vodafone a Buy, four a Hold, and four a Sell. MarketBeat reports a consensus Hold rating and an average price target of $13.13.

Euro Pacific Asset Management LLC increased its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 32,170.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,016,477 shares of the cell phone carrier's stock after purchasing an additional 5,000,932 shares during the quarter. Vodafone Group accounts for 5.6% of Euro Pacific Asset Management LLC's investment portfolio, making the stock its 3rd biggest holding. Euro Pacific Asset Management LLC owned approximately 0.22% of Vodafone Group worth $81,016,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Boit C F David purchased a new position in shares of Vodafone Group in the third quarter valued at $25,000. Western Wealth Management LLC acquired a new position in shares of Vodafone Group during the 1st quarter worth $34,000. Assetmark Inc. raised its stake in shares of Vodafone Group by 31.5% during the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier's stock worth $45,000 after buying an additional 717 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Vodafone Group in the 2nd quarter worth about $45,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Vodafone Group in the 1st quarter worth about $54,000. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, September 22nd. Berenberg Bank restated a "buy" rating on shares of Vodafone Group in a research report on Friday, October 2nd. Zacks Research raised shares of Vodafone Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, November 3rd. Morningstar lowered shares of Vodafone Group to a "hold" rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. reiterated a "sell" rating on shares of Vodafone Group in a research report on Monday, July 27th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $13.13.

Vodafone Group Price Performance

Shares of NASDAQ:VOD opened at $15.58 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14. Vodafone Group PLC has a 52-week low of $11.45 and a 52-week high of $17.71. The stock's fifty day simple moving average is $16.34 and its 200-day simple moving average is $15.42.

Vodafone Group Profile

Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations.

The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.

Vodafone traces its roots to Racal Telecom, which was established in 1984 and became an independent company in 1991.

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