Wedbush Securities Inc. Reduces Stock Holdings in Vodafone Group Plc (NASDAQ:VOD)

Wedbush Securities Inc. reduced its stake in Vodafone Group Plc (NASDAQ:VOD) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,550 shares of the cell phone carrier’s stock after selling 757 shares during the period. Wedbush Securities Inc.’s holdings in Vodafone Group were worth $568,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VOD. Coastal Capital Group Inc. acquired a new stake in shares of Vodafone Group in the second quarter valued at approximately $25,000. Motco boosted its holdings in shares of Vodafone Group by 76.9% in the second quarter. Motco now owns 1,682 shares of the cell phone carrier’s stock valued at $27,000 after acquiring an additional 731 shares during the period. Asset Dedication LLC boosted its holdings in shares of Vodafone Group by 72.3% in the second quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock valued at $31,000 after acquiring an additional 807 shares during the period. Lenox Wealth Advisors LLC acquired a new stake in shares of Vodafone Group in the third quarter valued at approximately $33,000. Finally, Rational Advisors LLC boosted its holdings in shares of Vodafone Group by 4,686.7% in the second quarter. Rational Advisors LLC now owns 2,154 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 2,109 shares during the period. 7.95% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ VOD opened at $20.61 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.52. The stock has a fifty day moving average price of $19.65 and a 200 day moving average price of $17.87. Vodafone Group Plc has a 1-year low of $15.53 and a 1-year high of $21.73. The company has a market cap of $55.22 billion, a PE ratio of 34.35, a P/E/G ratio of 1.31 and a beta of 0.80.

Several research firms have recently weighed in on VOD. BNP Paribas raised Vodafone Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 11th. BidaskClub raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. Exane BNP Paribas raised Vodafone Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 11th. Macquarie increased their price objective on Vodafone Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday. Finally, Credit Suisse Group reissued a “buy” rating and issued a $190.00 price objective on shares of Vodafone Group in a report on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $73.92.

Vodafone Group Company Profile

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.

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

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