Corbenic Partners LLC purchased a new position in shares of Vodafone Group Plc (NASDAQ:VOD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,431 shares of the cell phone carrier’s stock, valued at approximately $28,000.
A number of other hedge funds also recently modified their holdings of the stock. Balentine LLC increased its position in shares of Vodafone Group by 141.4% in the third quarter. Balentine LLC now owns 1,470 shares of the cell phone carrier’s stock worth $29,000 after acquiring an additional 861 shares in the last quarter. Lenox Wealth Advisors LLC acquired a new stake in shares of Vodafone Group in the third quarter worth $33,000. HM Payson & Co. acquired a new stake in shares of Vodafone Group in the second quarter worth $41,000. Optimum Investment Advisors increased its position in shares of Vodafone Group by 26.3% in the third quarter. Optimum Investment Advisors now owns 2,582 shares of the cell phone carrier’s stock worth $51,000 after acquiring an additional 538 shares in the last quarter. Finally, Quest Capital Management Inc. ADV acquired a new stake in shares of Vodafone Group in the third quarter worth $56,000. 7.97% of the stock is owned by hedge funds and other institutional investors.
VOD has been the subject of several recent research reports. Argus increased their price objective on shares of Vodafone Group to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. ValuEngine raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. BidaskClub lowered shares of Vodafone Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 10th. Zacks Investment Research raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, UBS Group reissued a “buy” rating on shares of Vodafone Group in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $20.12.
VOD opened at $20.37 on Wednesday. The company has a fifty day simple moving average of $19.45 and a 200 day simple moving average of $19.01. The firm has a market cap of $54.53 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.67 and a beta of 0.74. Vodafone Group Plc has a twelve month low of $15.53 and a twelve month high of $21.72. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 1.07.
About Vodafone Group
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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