Tevis Investment Management Raises Stock Holdings in Vodafone Group PLC $VOD

Tevis Investment Management raised its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 23.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,148 shares of the cell phone carrier’s stock after acquiring an additional 33,701 shares during the quarter. Vodafone Group makes up about 1.3% of Tevis Investment Management’s holdings, making the stock its 24th largest holding. Tevis Investment Management’s holdings in Vodafone Group were worth $1,966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ACR Alpine Capital Research LLC increased its holdings in shares of Vodafone Group by 0.7% in the second quarter. ACR Alpine Capital Research LLC now owns 25,866,761 shares of the cell phone carrier’s stock valued at $275,740,000 after purchasing an additional 169,833 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Vodafone Group by 4.9% during the second quarter. Y Intercept Hong Kong Ltd now owns 51,741 shares of the cell phone carrier’s stock worth $552,000 after buying an additional 2,397 shares during the period. Carrera Capital Advisors purchased a new position in Vodafone Group in the second quarter valued at $252,000. RNC Capital Management LLC boosted its holdings in Vodafone Group by 10.7% in the second quarter. RNC Capital Management LLC now owns 49,670 shares of the cell phone carrier’s stock valued at $529,000 after purchasing an additional 4,815 shares during the period. Finally, Ethic Inc. boosted its holdings in Vodafone Group by 1.5% in the second quarter. Ethic Inc. now owns 89,967 shares of the cell phone carrier’s stock valued at $949,000 after purchasing an additional 1,288 shares during the period. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Price Performance

VOD stock opened at $11.90 on Tuesday. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $12.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The stock’s 50 day moving average price is $11.62 and its 200 day moving average price is $10.77. The firm has a market cap of $28.55 billion, a P/E ratio of 10.53, a PEG ratio of 0.27 and a beta of 0.62.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VOD shares. Morgan Stanley assumed coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an “equal weight” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research report on Wednesday, October 8th. The Goldman Sachs Group cut Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target on the stock. in a research report on Thursday, July 31st. Zacks Research raised Vodafone Group to a “hold” rating in a report on Tuesday, August 12th. Finally, BNP Paribas raised Vodafone Group to a “strong sell” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $72.00.

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.