Callan Family Office LLC Invests $512,000 in Vodafone Group PLC $VOD

Key Points

• Callan Family Office LLC has invested approximately $512,000 in Vodafone Group PLC by acquiring 48,002 shares, as disclosed in its latest SEC filing.
• Several hedge funds have also increased their stakes in Vodafone Group during Q1, with notable acquisitions including Connor Clark & Lunn Investment Management's new stake valued at $1.1 million.
• Analysts have mixed views on Vodafone, with Berenberg Bank upgrading it to a "hold," while Goldman Sachs downgraded it to "sell" with a price target of $136.00.

Callan Family Office LLC acquired a new stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 48,002 shares of the cell phone carrier's stock, valued at approximately $512,000.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Vodafone Group during the first quarter valued at about $1,117,000. Modern Wealth Management LLC purchased a new stake in Vodafone Group during the first quarter valued at about $285,000. Sequoia Financial Advisors LLC purchased a new stake in Vodafone Group during the first quarter valued at about $125,000. Walleye Capital LLC lifted its stake in Vodafone Group by 516.1% during the first quarter. Walleye Capital LLC now owns 182,003 shares of the cell phone carrier's stock valued at $1,705,000 after buying an additional 152,462 shares in the last quarter. Finally, Summit Securities Group LLC increased its holdings in shares of Vodafone Group by 4,239.6% in the 1st quarter. Summit Securities Group LLC now owns 47,736 shares of the cell phone carrier's stock valued at $447,000 after purchasing an additional 46,636 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a report on Thursday, June 26th. The Goldman Sachs Group downgraded Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price on the stock. in a report on Thursday, July 31st. Morgan Stanley assumed coverage on Vodafone Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. Zacks Research upgraded Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Vodafone Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $136.00.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $11.35 on Wednesday. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $12.06. The firm's fifty day simple moving average is $11.60 and its 200 day simple moving average is $10.57. 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 market capitalization of $27.23 billion, a PE ratio of 9.96, a PEG ratio of 0.53 and a beta of 0.62.

About Vodafone Group

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.

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