112,297 Shares in Vodafone Group PLC $VOD Bought by Vest Financial LLC

Vest Financial LLC acquired a new position in shares of Vodafone Group PLC (NASDAQ:VOD) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 112,297 shares of the cell phone carrier’s stock, valued at approximately $1,814,000.

Several other institutional investors have also recently modified their holdings of the stock. Bayban lifted its stake in Vodafone Group by 6,696.7% in the 1st quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after buying an additional 2,009 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Vodafone Group during the 1st quarter valued at $34,000. Assetmark Inc. increased its position in Vodafone Group by 31.5% during the first quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock worth $45,000 after buying an additional 717 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Vodafone Group during the second quarter worth $45,000. Finally, Evergreen Advisors LLC acquired a new position in shares of Vodafone Group in the first quarter worth $54,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Trading Down 2.4%

Shares of VOD opened at $15.74 on Friday. The company’s fifty day moving average is $16.41 and its two-hundred day moving average is $15.57. Vodafone Group PLC has a fifty-two week low of $11.12 and a fifty-two week high of $17.71. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VOD. Berenberg Bank restated a “buy” rating on shares of Vodafone Group in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Friday, October 9th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Vodafone Group in a research report on Monday, July 27th. DZ Bank reissued a “neutral” rating on shares of Vodafone Group in a research note on Monday, August 17th. Finally, UBS Group restated a “sell” rating on shares of Vodafone Group in a report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $13.13.

Vodafone Group Profile

Vodafone Group Plc is a telecommunications company headquartered in Newbury, England. It provides mobile and fixed-line connectivity, broadband, voice and messaging services, digital communications, and related technology solutions to consumers, businesses, and public-sector organizations.

The company operates primarily across Europe and Africa. Its consumer businesses offer mobile plans, home broadband, television and other digital services, while Vodafone Business provides connectivity, cloud, cybersecurity, Internet of Things, unified communications, and managed technology services.