Gateway Investment Advisers LLC cut its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 77.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,143 shares of the cell phone carrier's stock after selling 128,171 shares during the period. Gateway Investment Advisers LLC's holdings in Vodafone Group were worth $491,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in Vodafone Group by 72.4% during the first quarter. Sei Investments Co. now owns 866,316 shares of the cell phone carrier's stock worth $13,014,000 after buying an additional 363,694 shares during the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in Vodafone Group in the 4th quarter worth about $922,000. Capital Wealth Planning LLC grew its position in Vodafone Group by 87.2% during the fourth quarter. Capital Wealth Planning LLC now owns 1,028,112 shares of the cell phone carrier's stock worth $13,715,000 after buying an additional 478,977 shares in the last quarter. Transmarket Holdings LP grew its holdings in shares of Vodafone Group by 137.3% during the 1st quarter. Transmarket Holdings LP now owns 235,689 shares of the cell phone carrier's stock worth $3,540,000 after purchasing an additional 136,358 shares in the last quarter. Finally, Havemeyer Place LP acquired a new position in shares of Vodafone Group in the 4th quarter valued at approximately $1,054,000. Hedge funds and other institutional investors own 7.84% of the company's stock.
Wall Street Analysts Forecast Growth
VOD has been the subject of a number of research reports. Barclays cut shares of Vodafone Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, June 11th. Weiss Ratings cut Vodafone Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, June 4th. Bank of America lowered Vodafone Group from a "neutral" rating to an "underperform" rating and set a $13.13 price objective for the company. in a research report on Tuesday, May 26th. DZ Bank lowered shares of Vodafone Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Finally, Zacks Research lowered Vodafone Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Vodafone Group currently has a consensus rating of "Reduce" and a consensus price target of $10.57.
Get Our Latest Stock Analysis on Vodafone Group
Vodafone Group Stock Up 1.2%
Vodafone Group stock opened at $16.09 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a 1-year low of $11.12 and a 1-year high of $16.60. The firm has a 50 day simple moving average of $14.84 and a 200 day simple moving average of $15.04.
About Vodafone Group
(
Free Report)
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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