WESPAC Advisors LLC Takes Position in Vodafone Group PLC $VOD

Key Points

• WESPAC Advisors LLC has acquired a new position in Vodafone Group PLC, purchasing 95,100 shares for approximately $1,014,000 during the 2nd quarter.
• Institutional ownership of Vodafone Group shares has been significant, with several investors increasing their stakes, including a 648.5% increase by GAMMA Investing LLC in the first quarter.
• Equities analysts' ratings on Vodafone Group vary, with one rating as "Buy," multiple "Hold" ratings, and three "Sell" ratings, resulting in a consensus rating of "Reduce" and an average price target of $136.00.

WESPAC Advisors LLC purchased a new stake in Vodafone Group PLC (NASDAQ:VOD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 95,100 shares of the cell phone carrier's stock, valued at approximately $1,014,000.

Several other large investors have also modified their holdings of VOD. Wealth Enhancement Advisory Services LLC grew its position in shares of Vodafone Group by 97.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 75,677 shares of the cell phone carrier's stock valued at $643,000 after purchasing an additional 37,282 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Vodafone Group by 648.5% during the first quarter. GAMMA Investing LLC now owns 41,518 shares of the cell phone carrier's stock valued at $389,000 after buying an additional 35,971 shares during the period. NBC Securities Inc. lifted its stake in shares of Vodafone Group by 116,833.3% during the first quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier's stock valued at $32,000 after buying an additional 3,505 shares during the period. Range Financial Group LLC lifted its stake in shares of Vodafone Group by 21.3% during the first quarter. Range Financial Group LLC now owns 26,368 shares of the cell phone carrier's stock valued at $247,000 after buying an additional 4,622 shares during the period. Finally, Accurate Wealth Management LLC lifted its stake in shares of Vodafone Group by 14.5% during the first quarter. Accurate Wealth Management LLC now owns 87,613 shares of the cell phone carrier's stock valued at $765,000 after buying an additional 11,128 shares during the period. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $11.27 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The company has a market cap of $27.17 billion, a P/E ratio of 9.89, a P/E/G ratio of 0.54 and a beta of 0.62. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $12.06. The firm's 50 day moving average is $11.57 and its two-hundred day moving average is $10.50.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective on the stock. in a research note on Thursday, July 31st. Berenberg Bank raised shares of Vodafone Group to a "hold" rating in a research note on Thursday, June 26th. Zacks Research raised shares of Vodafone Group to a "hold" rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of Vodafone Group in a research note on Saturday, September 27th. Finally, Morgan Stanley started coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating on the stock. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $136.00.

About Vodafone Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.