Benjamin Edwards Inc. Raises Position in Vodafone Group PLC $VOD

Key Points

• Benjamin Edwards Inc. increased its Vodafone Group position by 385.7% in the second quarter, purchasing 68,086 additional shares for a total of 85,737 shares valued at approximately $1.13 million. Institutional investors and hedge funds collectively own 7.84% of the company.
• Analyst sentiment remains cautious: Vodafone has a consensus rating of “Reduce” from nine analysts, with two Buy, four Hold, and three Sell ratings and a consensus price target of $10.57.
• Vodafone shares opened at $16.05, near their 52-week high of $16.60 and above both their 50-day ($15.22) and 200-day ($15.16) moving averages.

Benjamin Edwards Inc. increased its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 385.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,737 shares of the cell phone carrier's stock after purchasing an additional 68,086 shares during the period. Benjamin Edwards Inc.'s holdings in Vodafone Group were worth $1,134,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VOD. Bayban increased its position in Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier's stock worth $31,000 after purchasing an additional 2,009 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Vodafone Group in the 1st quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Vodafone Group by 81.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier's stock valued at $35,000 after buying an additional 1,193 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier's stock valued at $40,000 after buying an additional 946 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Vodafone Group by 207.6% during the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier's stock worth $43,000 after acquiring an additional 2,215 shares during the period. Institutional investors and hedge funds own 7.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VOD. Barclays cut Vodafone Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, June 11th. Zacks Research cut shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 28th. DZ Bank downgraded shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Vodafone Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Bank of America lowered shares of Vodafone Group from a "neutral" rating to an "underperform" rating and set a $13.13 target price on the stock. in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $10.57.

Vodafone Group Stock Up 0.1%

VOD opened at $16.05 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a one year low of $11.12 and a one year high of $16.60. The business's fifty day moving average is $15.22 and its two-hundred day moving average is $15.16.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.

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