Vodafone Group Public Limited (NASDAQ:VOD) Position Lessened by Bank of Nova Scotia

Bank of Nova Scotia lowered its position in Vodafone Group Public Limited (NASDAQ:VOD) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,147 shares of the cell phone carrier’s stock after selling 20,200 shares during the quarter. Bank of Nova Scotia’s holdings in Vodafone Group Public were worth $1,546,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in shares of Vodafone Group Public by 63.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock valued at $41,000 after purchasing an additional 1,899 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Vodafone Group Public by 912.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock valued at $61,000 after buying an additional 6,500 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Vodafone Group Public in the fourth quarter worth about $90,000. CIBC Private Wealth Group LLC increased its holdings in shares of Vodafone Group Public by 84.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 10,598 shares of the cell phone carrier’s stock valued at $87,000 after acquiring an additional 4,846 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. bought a new position in shares of Vodafone Group Public in the 4th quarter valued at approximately $92,000. 7.84% of the stock is owned by institutional investors and hedge funds.

Vodafone Group Public Stock Up 3.3 %

Shares of VOD stock opened at $8.73 on Monday. The stock has a 50 day moving average of $8.91 and a 200-day moving average of $8.92. The firm has a market cap of $20.67 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.66 and a beta of 0.58. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78. Vodafone Group Public Limited has a 12 month low of $8.00 and a 12 month high of $10.39.

Wall Street Analysts Forecast Growth

VOD has been the subject of a number of recent analyst reports. DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Bank of America downgraded shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, March 24th. Finally, StockNews.com downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public 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.