Janney Montgomery Scott LLC lifted its stake in Vodafone Group Plc (NASDAQ:VOD) by 5.6% during the 3rd quarter, Holdings Channel reports. The fund owned 574,121 shares of the cell phone carrier’s stock after purchasing an additional 30,392 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Vodafone Group were worth $12,458,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of VOD. Palo Capital Inc. acquired a new position in shares of Vodafone Group in the 3rd quarter worth approximately $126,000. Bessemer Group Inc. lifted its holdings in shares of Vodafone Group by 149.8% in the 2nd quarter. Bessemer Group Inc. now owns 5,321 shares of the cell phone carrier’s stock worth $129,000 after acquiring an additional 3,191 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Vodafone Group by 722.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,462 shares of the cell phone carrier’s stock worth $133,000 after acquiring an additional 4,798 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Vodafone Group in the 2nd quarter worth approximately $143,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Vodafone Group in the 2nd quarter worth approximately $153,000. Hedge funds and other institutional investors own 9.70% of the company’s stock.
Shares of NASDAQ:VOD opened at $18.79 on Friday. Vodafone Group Plc has a 52 week low of $18.45 and a 52 week high of $32.75. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.48.
A number of research firms have issued reports on VOD. Zacks Investment Research lowered shares of Vodafone Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. BidaskClub lowered shares of Vodafone Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 17th. Deutsche Bank reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday, July 26th. Sanford C. Bernstein upgraded shares of Vodafone Group from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday, September 4th. Finally, Citigroup upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a report on Thursday, September 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $33.36.
Vodafone Group Company Profile
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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