Vodafone Group Plc (VOD) Position Increased by Gradient Investments LLC

Gradient Investments LLC boosted its stake in Vodafone Group Plc (NASDAQ:VOD) by 15.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 96,056 shares of the cell phone carrier’s stock after buying an additional 12,558 shares during the period. Gradient Investments LLC’s holdings in Vodafone Group were worth $2,084,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Sandy Spring Bank boosted its stake in Vodafone Group by 13.3% in the 2nd quarter. Sandy Spring Bank now owns 17,660 shares of the cell phone carrier’s stock valued at $429,000 after buying an additional 2,069 shares in the last quarter. Creative Planning boosted its stake in Vodafone Group by 4.7% in the 2nd quarter. Creative Planning now owns 48,578 shares of the cell phone carrier’s stock valued at $1,181,000 after buying an additional 2,168 shares in the last quarter. Carret Asset Management LLC boosted its stake in Vodafone Group by 4.5% in the 2nd quarter. Carret Asset Management LLC now owns 51,339 shares of the cell phone carrier’s stock valued at $1,248,000 after buying an additional 2,209 shares in the last quarter. Trust Co. of Vermont boosted its stake in Vodafone Group by 4.0% in the 1st quarter. Trust Co. of Vermont now owns 70,279 shares of the cell phone carrier’s stock valued at $1,955,000 after buying an additional 2,700 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its stake in Vodafone Group by 1.6% in the 2nd quarter. WealthTrust Axiom LLC now owns 180,888 shares of the cell phone carrier’s stock valued at $4,397,000 after buying an additional 2,900 shares in the last quarter. 10.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of VOD opened at $19.99 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. Vodafone Group Plc has a 52-week low of $19.78 and a 52-week high of $32.75. The firm has a market capitalization of $57.88 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80.

Several analysts recently commented on VOD shares. Jefferies Financial Group lowered Vodafone Group from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. UBS Group reiterated a “buy” rating on shares of Vodafone Group in a research report on Tuesday, August 7th. Bank of America downgraded Vodafone Group from a “buy” rating to a “neutral” rating in a research report on Thursday, August 30th. Zacks Investment Research downgraded Vodafone Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Finally, Standpoint Research upgraded Vodafone Group from a “reduce” rating to a “buy” rating in a research report on Tuesday, September 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.36.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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