RNC Capital Management LLC Reduces Stock Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

RNC Capital Management LLC reduced its position in Vodafone Group Public Limited (NASDAQ:VOD – Get Rating) by 53.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,649 shares of the cell phone carrier’s stock after selling 33,778 shares during the quarter. RNC Capital Management LLC’s holdings in Vodafone Group Public were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its holdings in Vodafone Group Public by 6.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 215,153 shares of the cell phone carrier’s stock worth $2,438,000 after buying an additional 13,941 shares during the period. Principal Street Partners LLC boosted its holdings in shares of Vodafone Group Public by 9.3% in the third quarter. Principal Street Partners LLC now owns 50,912 shares of the cell phone carrier’s stock worth $577,000 after acquiring an additional 4,316 shares during the period. 180 Wealth Advisors LLC grew its position in shares of Vodafone Group Public by 10.1% in the third quarter. 180 Wealth Advisors LLC now owns 15,163 shares of the cell phone carrier’s stock valued at $172,000 after purchasing an additional 1,397 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Vodafone Group Public during the 3rd quarter valued at $228,000. Finally, Wipfli Financial Advisors LLC bought a new position in Vodafone Group Public in the 3rd quarter worth about $44,000. 9.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VOD has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Vodafone Group Public from GBX 120 ($1.46) to GBX 115 ($1.40) in a report on Thursday, February 2nd. Credit Suisse Group lowered shares of Vodafone Group Public from an “outperform” rating to an “underperform” rating in a research report on Tuesday, November 22nd. StockNews.com started coverage on Vodafone Group Public in a research report on Thursday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Vodafone Group Public from GBX 215 ($2.62) to GBX 195 ($2.38) in a research report on Monday, January 23rd. Finally, Bank of America raised Vodafone Group Public from a “neutral” rating to a “buy” rating in a report on Thursday, January 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $134.71.

Vodafone Group Public Price Performance

VOD opened at $10.95 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average price of $11.54 and a 200-day moving average price of $11.49. Vodafone Group Public Limited has a 12-month low of $9.94 and a 12-month high of $17.67.

Vodafone Group Public Profile

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Vodafone Group Plc engages in telecommunication services in Europe and internationally. The firms offers mobile services that enable customers to call, text and access data, fixed line services, including broadband, television (TV) offerings, and voice and convergence services under the GigaKombi and Vodafone One names to customers.