Vodafone Group PLC $VOD Shares Sold by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. cut its stake in Vodafone by 60.6% in Q4, selling 78,048 shares and retaining 50,676 shares worth about $669,000 at quarter-end.
• Several other institutional investors raised positions in the quarter, and hedge funds/institutions now own about 7.84% of Vodafone's stock.
• Analysts are mixed but overall have a consensus Hold rating with a consensus price target of $72.00, alongside recent upgrades from UBS, Zacks, Berenberg and Weiss Ratings.

D.A. Davidson & CO. reduced its stake in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 60.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,676 shares of the cell phone carrier's stock after selling 78,048 shares during the quarter. D.A. Davidson & CO.'s holdings in Vodafone Group were worth $669,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. raised its position in Vodafone Group by 156.8% during the fourth quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier's stock valued at $30,000 after acquiring an additional 1,389 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Vodafone Group by 38.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier's stock valued at $40,000 after acquiring an additional 946 shares in the last quarter. Sound Income Strategies LLC raised its position in Vodafone Group by 38.2% during the fourth quarter. Sound Income Strategies LLC now owns 4,766 shares of the cell phone carrier's stock valued at $64,000 after acquiring an additional 1,317 shares in the last quarter. Global Retirement Partners LLC raised its position in Vodafone Group by 36.2% during the third quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier's stock valued at $74,000 after acquiring an additional 1,698 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Vodafone Group by 98.1% during the second quarter. Smartleaf Asset Management LLC now owns 7,372 shares of the cell phone carrier's stock valued at $78,000 after acquiring an additional 3,651 shares in the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Vodafone Group Price Performance

Vodafone Group stock opened at $16.05 on Tuesday. Vodafone Group PLC has a 12 month low of $8.98 and a 12 month high of $16.22. The business has a 50 day simple moving average of $15.12 and a 200-day simple moving average of $13.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VOD shares. UBS Group upgraded Vodafone Group from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. Zacks Research upgraded Vodafone Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 29th. Berenberg Bank upgraded Vodafone Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 7th. Finally, Weiss Ratings upgraded Vodafone Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Vodafone Group has a consensus rating of "Hold" and a consensus price target of $72.00.

Vodafone Group Company Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.

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