35,324 Shares in Vodafone Group PLC $VOD Bought by BridgePort Financial Solutions LLC

BridgePort Financial Solutions LLC bought a new position in shares of Vodafone Group PLC (NASDAQ:VOD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,324 shares of the cell phone carrier’s stock, valued at approximately $467,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ACR Alpine Capital Research LLC boosted its stake in shares of Vodafone Group by 3.0% during the 1st quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock worth $403,361,000 after acquiring an additional 784,305 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Vodafone Group by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier’s stock worth $201,935,000 after purchasing an additional 182,574 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Vodafone Group by 9,637.5% during the fourth quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock worth $117,602,000 after purchasing an additional 8,811,061 shares during the period. Bank of America Corp DE boosted its position in Vodafone Group by 9.1% during the third quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock worth $85,041,000 after purchasing an additional 610,409 shares during the period. Finally, SALT Holding Corp. grew its holdings in Vodafone Group by 5.5% during the third quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock valued at $44,324,000 after purchasing an additional 197,500 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Stock Up 0.8%

NASDAQ VOD opened at $16.22 on Friday. The company’s fifty day moving average is $14.86 and its two-hundred day moving average is $15.06. Vodafone Group PLC has a 52-week low of $11.12 and a 52-week high of $16.60. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DZ Bank cut shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Barclays downgraded shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. Bank of America downgraded Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target on the stock. in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded Vodafone Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $10.57.

Vodafone Group Company 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.