Benjamin Edwards Inc. Increases Stock Position in Vodafone Group PLC $VOD

Benjamin Edwards Inc. grew its holdings in Vodafone Group PLC (NASDAQ:VOD) by 385.7% during the 2nd quarter, Holdings Channel reports. The firm owned 85,737 shares of the cell phone carrier’s stock after buying an additional 68,086 shares during the period. Benjamin Edwards Inc.’s holdings in Vodafone Group were worth $1,134,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Vodafone Group by 5.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,671 shares of the cell phone carrier’s stock worth $154,000 after purchasing an additional 653 shares during the last quarter. RNC Capital Management LLC increased its position in Vodafone Group by 1.3% during the fourth quarter. RNC Capital Management LLC now owns 53,804 shares of the cell phone carrier’s stock worth $711,000 after buying an additional 713 shares in the last quarter. Valeo Financial Advisors LLC increased its position in Vodafone Group by 4.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock worth $233,000 after buying an additional 713 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Vodafone Group by 31.5% in the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after acquiring an additional 717 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Vodafone Group by 28.3% in the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock valued at $47,000 after acquiring an additional 778 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Trading Up 0.1%

Shares of VOD stock opened at $16.05 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a one year low of $11.12 and a one year high of $16.60. The company has a 50 day moving average price of $15.22 and a 200 day moving average price of $15.16.

Analyst Ratings Changes

A number of analysts recently commented on VOD shares. Bank of America cut Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Saturday. Barclays cut shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Finally, DZ Bank downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Vodafone Group currently has a consensus rating of “Reduce” and an average price target of $10.57.

Vodafone Group Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.