Vodafone Group Plc (VOD) Position Trimmed by Financial & Investment Management Group Ltd.

Financial & Investment Management Group Ltd. trimmed its position in shares of Vodafone Group Plc (NASDAQ:VOD) by 3.0% during the third quarter, Holdings Channel reports. The institutional investor owned 142,414 shares of the cell phone carrier’s stock after selling 4,433 shares during the period. Financial & Investment Management Group Ltd.’s holdings in Vodafone Group were worth $3,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VOD. Bessemer Group Inc. increased its holdings in shares of Vodafone Group by 149.8% in the second quarter. Bessemer Group Inc. now owns 5,321 shares of the cell phone carrier’s stock valued at $129,000 after purchasing an additional 3,191 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Vodafone Group by 722.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,462 shares of the cell phone carrier’s stock valued at $133,000 after purchasing an additional 4,798 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Vodafone Group in the second quarter valued at $143,000. NumerixS Investment Technologies Inc acquired a new position in shares of Vodafone Group in the second quarter valued at $153,000. Finally, Private Vista LLC acquired a new position in shares of Vodafone Group in the first quarter valued at $217,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

Shares of Vodafone Group stock traded down $0.28 during trading on Thursday, reaching $19.91. The company’s stock had a trading volume of 351,633 shares, compared to its average volume of 4,716,195. The stock has a market cap of $57.88 billion, a PE ratio of 14.85, a PEG ratio of 1.72 and a beta of 0.80. Vodafone Group Plc has a 52 week low of $19.78 and a 52 week high of $32.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.97.

Several equities analysts have commented on the stock. BidaskClub upgraded shares of Vodafone Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. UBS Group reissued a “buy” rating on shares of Vodafone Group in a research report on Tuesday, August 7th. Standpoint Research raised shares of Vodafone Group from a “reduce” rating to a “buy” rating in a research report on Tuesday, September 11th. Zacks Investment Research cut shares of Vodafone Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Finally, Sanford C. Bernstein raised shares of Vodafone Group from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Tuesday, September 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. Vodafone Group presently has a consensus rating of “Buy” and a consensus price target of $33.36.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

Recommended Story: Stock Split

Want to see what other hedge funds are holding VOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vodafone Group Plc (NASDAQ:VOD).

Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply