HighTower Advisors LLC Boosts Stock Holdings in Vodafone Group PLC $VOD

HighTower Advisors LLC grew its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 36.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 269,517 shares of the cell phone carrier’s stock after acquiring an additional 71,551 shares during the quarter. HighTower Advisors LLC’s holdings in Vodafone Group were worth $3,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bayban grew its holdings in shares of Vodafone Group by 6,696.7% during the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 2,009 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Vodafone Group in the first quarter worth $34,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Vodafone Group by 81.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 1,193 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after purchasing an additional 946 shares during the period. Finally, Manchester Capital Management LLC grew its stake in shares of Vodafone Group by 207.6% in the fourth quarter. Manchester Capital Management LLC now owns 3,282 shares of the cell phone carrier’s stock valued at $43,000 after buying an additional 2,215 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Bank of America cut shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a research report on Tuesday, May 26th. Wall Street Zen lowered shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research report on Tuesday, September 1st. Three equities research 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.com, Vodafone Group has a consensus rating of “Hold” and an average target price of $10.57.

Vodafone Group Stock Up 0.4%

VOD stock opened at $17.40 on Friday. The stock’s 50 day simple moving average is $15.77 and its 200 day simple moving average is $15.24. Vodafone Group PLC has a 12-month low of $11.12 and a 12-month high of $17.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11.

About Vodafone Group

Vodafone Group Plc is a British multinational telecommunications company that provides mobile and fixed-line connectivity, broadband, voice, messaging and related digital services. Its offerings serve individual consumers, households, businesses and public-sector organizations, with services delivered through local Vodafone operations and partner networks.

The company also provides enterprise communications and technology solutions, including cloud and hosting services, cybersecurity, the Internet of Things, unified communications and managed connectivity.