Ethic Inc. Sells 39,349 Shares of Vodafone Group PLC $VOD

Key Points

• Ethic Inc. reduced its stake in Vodafone Group PLC by 30.7%, selling 39,349 shares and holding 88,679 shares worth approximately $822,000 as of the latest filing.
• Other institutional investors made significant changes during the same period, with Hazlett Burt & Watson Inc. increasing their stake by 65.5% and NBC Securities Inc. boosting theirs by an astounding 116,833.3%.
• Vodafone Group's stock recently saw an increase of 1.6%, opening at $11.90, with a market capitalization of $28.88 billion.

Ethic Inc. lessened its holdings in Vodafone Group PLC (NASDAQ:VOD - Free Report) by 30.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,679 shares of the cell phone carrier's stock after selling 39,349 shares during the period. Ethic Inc.'s holdings in Vodafone Group were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Hazlett Burt & Watson Inc. raised its stake in Vodafone Group by 65.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after acquiring an additional 1,250 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Vodafone Group during the first quarter valued at approximately $31,000. NBC Securities Inc. raised its position in shares of Vodafone Group by 116,833.3% during the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after buying an additional 3,505 shares during the last quarter. GeoWealth Management LLC raised its position in shares of Vodafone Group by 258.0% during the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier's stock valued at $44,000 after buying an additional 3,733 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Vodafone Group by 509.7% during the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier's stock valued at $58,000 after buying an additional 5,709 shares during the last quarter. Institutional investors own 7.84% of the company's stock.

Vodafone Group Stock Up 1.6%

Shares of NASDAQ:VOD opened at $11.90 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. Vodafone Group PLC has a 12 month low of $8.00 and a 12 month high of $11.92. The company has a 50-day moving average price of $10.94 and a 200 day moving average price of $9.84. The company has a market cap of $28.88 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.56 and a beta of 0.62.

Analyst Ratings Changes

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

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