Oppenheimer & Co. Inc. Reduces Holdings in Vodafone Group PLC $VOD

Oppenheimer & Co. Inc. trimmed its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 69.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 479,882 shares of the cell phone carrier’s stock after selling 1,074,045 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Vodafone Group were worth $5,567,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VOD. WESPAC Advisors LLC boosted its stake in shares of Vodafone Group by 0.9% during the 3rd quarter. WESPAC Advisors LLC now owns 96,003 shares of the cell phone carrier’s stock worth $1,114,000 after acquiring an additional 903 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Vodafone Group by 7.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 16,890 shares of the cell phone carrier’s stock worth $196,000 after purchasing an additional 1,194 shares during the period. First Trust Advisors LP lifted its position in Vodafone Group by 3.9% during the second quarter. First Trust Advisors LP now owns 32,248 shares of the cell phone carrier’s stock valued at $344,000 after purchasing an additional 1,215 shares in the last quarter. Brown Advisory Inc. grew its holdings in Vodafone Group by 3.9% during the second quarter. Brown Advisory Inc. now owns 32,523 shares of the cell phone carrier’s stock valued at $347,000 after purchasing an additional 1,223 shares during the period. Finally, Ethic Inc. increased its position in Vodafone Group by 1.5% in the second quarter. Ethic Inc. now owns 89,967 shares of the cell phone carrier’s stock worth $949,000 after buying an additional 1,288 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VOD shares. UBS Group reaffirmed a “sell” rating on shares of Vodafone Group in a research report on Monday, November 3rd. Wall Street Zen cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Berenberg Bank upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. BNP Paribas Exane upgraded shares of Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $72.00.

Vodafone Group Price Performance

Shares of VOD opened at $15.25 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. Vodafone Group PLC has a 1 year low of $8.05 and a 1 year high of $15.90. The company has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $12.35.

About Vodafone Group

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.