Kingstone Capital Partners Texas LLC Takes Position in Vodafone Group PLC $VOD

Key Points

• Kingstone Capital Partners Texas LLC purchased approximately $1.68 million worth of shares in Vodafone Group PLC, acquiring 157,500 shares in the second quarter.
• Vodafone's stock ratings have mixed reviews, with some analysts upgrading to "hold" while the Goldman Sachs Group downgraded it from "neutral" to "sell" with a target price of $136.00.
• The company's recent stock performance shows a market capitalization of $27.51 billion with trading values ranging from a low of $8.00 to a high of $12.06 over the past year.

Kingstone Capital Partners Texas LLC purchased a new stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 157,500 shares of the cell phone carrier's stock, valued at approximately $1,679,000.

Other large investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. boosted its position in shares of 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 valued at $30,000 after acquiring an additional 1,250 shares during the last quarter. Brucke Financial Inc. lifted its stake in Vodafone Group by 9.8% in the first quarter. Brucke Financial Inc. now owns 14,700 shares of the cell phone carrier's stock worth $143,000 after acquiring an additional 1,308 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Vodafone Group by 1.5% during the first quarter. Kovitz Investment Group Partners LLC now owns 92,068 shares of the cell phone carrier's stock valued at $863,000 after purchasing an additional 1,318 shares in the last quarter. Allworth Financial LP boosted its position in shares of Vodafone Group by 4.9% in the 1st quarter. Allworth Financial LP now owns 28,435 shares of the cell phone carrier's stock worth $265,000 after purchasing an additional 1,332 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Vodafone Group by 11.2% during the first quarter. Valeo Financial Advisors LLC now owns 13,531 shares of the cell phone carrier's stock valued at $127,000 after acquiring an additional 1,364 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Trading Down 0.2%

Shares of Vodafone Group stock traded down $0.02 during trading hours on Monday, reaching $11.39. 4,972,497 shares of the company's stock were exchanged, compared to its average volume of 4,508,361. The company has a fifty day moving average of $11.51 and a 200-day moving average of $10.36. Vodafone Group PLC has a 52-week low of $8.00 and a 52-week high of $12.06. 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 $27.46 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 0.55 and a beta of 0.65.

Analysts Set New Price Targets

A number of equities analysts recently commented on VOD shares. Berenberg Bank raised 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 research report on Thursday, July 31st. Morgan Stanley began coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They set an "equal weight" rating for the company. Zacks Research raised shares of Vodafone Group to a "hold" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen cut Vodafone Group from a "buy" rating to a "hold" rating in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price 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.