Powell Investment Advisors LLC purchased a new position in shares of Vodafone Group Plc (NASDAQ:VOD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,724 shares of the cell phone carrier’s stock, valued at approximately $182,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its position in shares of Vodafone Group by 5.6% during the 4th quarter. Raymond James Trust N.A. now owns 120,973 shares of the cell phone carrier’s stock worth $1,994,000 after purchasing an additional 6,408 shares in the last quarter. OneAscent Financial Services LLC increased its holdings in Vodafone Group by 15.5% in the fourth quarter. OneAscent Financial Services LLC now owns 22,423 shares of the cell phone carrier’s stock valued at $370,000 after purchasing an additional 3,004 shares during the period. Fulton Bank N.A. raised its position in Vodafone Group by 11.8% during the 4th quarter. Fulton Bank N.A. now owns 130,856 shares of the cell phone carrier’s stock worth $2,157,000 after purchasing an additional 13,778 shares during the last quarter. Advisor Partners LLC raised its position in Vodafone Group by 34.0% during the 3rd quarter. Advisor Partners LLC now owns 32,296 shares of the cell phone carrier’s stock worth $433,000 after purchasing an additional 8,188 shares during the last quarter. Finally, Jeppson Wealth Management LLC acquired a new position in Vodafone Group during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 8.10% of the company’s stock.
VOD stock opened at $17.45 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average of $17.08 and a two-hundred day moving average of $15.48. Vodafone Group Plc has a 12 month low of $11.46 and a 12 month high of $20.53. The company has a market cap of $46.82 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 1.90 and a beta of 0.84.
A number of equities analysts have recently issued reports on VOD shares. Redburn Partners upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Monday, December 7th. Berenberg Bank raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 6th. Zacks Investment Research upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Friday, November 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Vodafone Group in a research report on Wednesday, December 16th. Finally, Morgan Stanley restated an “overweight” rating on shares of Vodafone Group in a report on Thursday, December 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.00.
About Vodafone Group
Vodafone Group Plc engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.
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