Vodafone Group PLC $VOD Shares Sold by Clifford Swan Investment Counsel LLC

Key Points

• Clifford Swan Investment Counsel LLC reduced its holdings in Vodafone Group PLC by 60.4% during the second quarter, now owning 39,790 shares worth $424,000 after selling 60,579 shares.
• Several hedge funds, including Fourpath Capital Management LLC and Signaturefd LLC, increased their positions in Vodafone, indicating mixed institutional interest in the stock.
• Analysts have issued varied ratings for Vodafone, with BNP Paribas downgrading the stock to "strong sell" and five analysts giving it a "sell" rating, reflecting a cautious outlook.

Clifford Swan Investment Counsel LLC cut its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 60.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,790 shares of the cell phone carrier's stock after selling 60,579 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Vodafone Group were worth $424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fourpath Capital Management LLC boosted its position in shares of Vodafone Group by 4.6% during the second quarter. Fourpath Capital Management LLC now owns 21,225 shares of the cell phone carrier's stock worth $226,000 after buying an additional 940 shares during the period. Signaturefd LLC lifted its position in Vodafone Group by 1.6% in the second quarter. Signaturefd LLC now owns 77,232 shares of the cell phone carrier's stock worth $823,000 after purchasing an additional 1,210 shares during the period. Hazlett Burt & Watson Inc. lifted its position in Vodafone Group by 65.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier's stock worth $30,000 after purchasing an additional 1,250 shares during the period. Ethic Inc. lifted its position in Vodafone Group by 1.5% in the second quarter. Ethic Inc. now owns 89,967 shares of the cell phone carrier's stock worth $949,000 after purchasing an additional 1,288 shares during the period. Finally, Brucke Financial Inc. lifted its position 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 purchasing an additional 1,308 shares during the period. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BNP Paribas upgraded Vodafone Group to a "strong sell" rating in a research report on Tuesday. The Goldman Sachs Group downgraded Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 target price for the company. in a research report on Thursday, July 31st. Berenberg Bank upgraded Vodafone Group to a "hold" rating in a research report on Thursday, June 26th. BNP Paribas Exane assumed coverage on Vodafone Group in a research report on Tuesday. They issued an "underperform" rating and a $8.00 target price for the company. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Vodafone Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $72.00.

Vodafone Group Price Performance

NASDAQ VOD opened at $11.66 on Friday. The business's fifty day moving average is $11.61 and its two-hundred day moving average is $10.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $12.06. The stock has a market capitalization of $27.97 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.27 and a beta of 0.62.

Vodafone Group 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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