Vodafone Group PLC $VOD Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 50.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 548,364 shares of the cell phone carrier’s stock after buying an additional 184,022 shares during the period. Ritholtz Wealth Management’s holdings in Vodafone Group were worth $5,846,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VOD. Naviter Wealth LLC acquired a new stake in shares of Vodafone Group during the second quarter worth $294,000. Envestnet Portfolio Solutions Inc. lifted its position in Vodafone Group by 14.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,284 shares of the cell phone carrier’s stock worth $131,000 after buying an additional 1,533 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Vodafone Group by 197.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 39,838 shares of the cell phone carrier’s stock worth $425,000 after buying an additional 26,466 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Vodafone Group by 6.9% in the 2nd quarter. Yousif Capital Management LLC now owns 29,519 shares of the cell phone carrier’s stock valued at $315,000 after buying an additional 1,905 shares during the period. Finally, Cypress Capital Group acquired a new position in shares of Vodafone Group during the 2nd quarter valued at about $141,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on VOD. The Goldman Sachs Group cut shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 target price on the stock. in a research report on Thursday, July 31st. Berenberg Bank upgraded shares of Vodafone Group to a “hold” rating in a report on Thursday, June 26th. Morgan Stanley began coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an “equal weight” rating for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. Finally, Zacks Research raised Vodafone Group to a “hold” rating in a research report on Tuesday, August 12th. One equities research analyst has 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 MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $136.00.

Vodafone Group Trading Up 1.6%

Shares of VOD opened at $11.35 on Wednesday. Vodafone Group PLC has a 12 month low of $8.00 and a 12 month high of $12.06. The stock’s 50-day moving average is $11.60 and its two-hundred day moving average is $10.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 1.23. The stock has a market cap of $27.23 billion, a PE ratio of 9.96, a P/E/G ratio of 0.53 and a beta of 0.62.

Vodafone Group Company Profile

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.