Vodafone Group PLC $VOD Shares Sold by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group cut its Vodafone Group stake by 22.7% in the third quarter, selling 93,703 shares and retaining 318,650 shares valued at approximately $5.15 million.
• Other institutional investors made significant purchases, including Euro Pacific Asset Management, which increased its holdings to more than 7 million shares. Institutional investors collectively own 7.84% of Vodafone.
• Vodafone shares opened at $15.88, within a 52-week range of $11.12 to $17.71. Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $13.13.

CWA Asset Management Group LLC reduced its holdings in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 22.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,650 shares of the cell phone carrier's stock after selling 93,703 shares during the quarter. CWA Asset Management Group LLC's holdings in Vodafone Group were worth $5,146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Euro Pacific Asset Management LLC raised its holdings in shares of Vodafone Group by 45,047.5% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 7,018,174 shares of the cell phone carrier's stock worth $113,344,000 after acquiring an additional 7,002,629 shares during the last quarter. ACR Alpine Capital Research LLC lifted its position in Vodafone Group by 3.0% in the 1st quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier's stock valued at $403,361,000 after acquiring an additional 784,305 shares in the last quarter. Merit Financial Group LLC lifted its position in Vodafone Group by 7,003.0% in the 2nd quarter. Merit Financial Group LLC now owns 788,577 shares of the cell phone carrier's stock valued at $10,429,000 after acquiring an additional 777,475 shares in the last quarter. Independent Financial Group LLC acquired a new position in Vodafone Group during the 1st quarter valued at about $8,406,000. Finally, Amundi bought a new stake in Vodafone Group during the 1st quarter worth approximately $8,060,000. 7.84% of the stock is owned by institutional investors.

Vodafone Group Stock Up 0.1%

VOD opened at $15.88 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The company's 50-day moving average is $16.43 and its 200 day moving average is $15.56. Vodafone Group PLC has a fifty-two week low of $11.12 and a fifty-two week high of $17.71.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VOD. Weiss Ratings raised Vodafone Group from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. The Goldman Sachs Group upgraded Vodafone Group from a "sell" rating to a "buy" rating in a report on Friday, September 4th. Wall Street Zen cut Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, September 22nd. Zacks Research cut Vodafone Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 17th. Finally, Barclays reissued an "underweight" rating on shares of Vodafone Group in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Vodafone Group presently has an average rating of "Hold" and a consensus target price of $13.13.

Vodafone Group Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.

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