Ethic Inc. Acquires 1,288 Shares of Vodafone Group PLC $VOD

Ethic Inc. boosted its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,967 shares of the cell phone carrier’s stock after acquiring an additional 1,288 shares during the period. Ethic Inc.’s holdings in Vodafone Group were worth $949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VOD. Perigon Wealth Management LLC raised its stake in Vodafone Group by 20.9% during the 1st quarter. Perigon Wealth Management LLC now owns 40,946 shares of the cell phone carrier’s stock worth $384,000 after acquiring an additional 7,079 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Vodafone Group during the 1st quarter worth approximately $125,000. Waterfront Wealth Inc. raised its stake in Vodafone Group by 54.2% during the 1st quarter. Waterfront Wealth Inc. now owns 373,681 shares of the cell phone carrier’s stock worth $3,501,000 after acquiring an additional 131,291 shares during the period. Checchi Capital Advisers LLC bought a new stake in Vodafone Group during the 1st quarter worth approximately $122,000. Finally, Wayfinding Financial LLC bought a new stake in Vodafone Group during the 1st quarter worth approximately $31,000. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Trading Up 0.6%

VOD stock opened at $11.73 on Monday. The firm has a fifty day moving average price of $11.62 and a 200 day moving average price of $10.74. Vodafone Group PLC has a fifty-two week low of $8.00 and a fifty-two week high of $12.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The firm has a market cap of $28.14 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.27 and a beta of 0.62.

Analyst Upgrades and Downgrades

VOD has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Vodafone Group in a report on Wednesday, July 2nd. They set an “equal weight” rating for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vodafone Group in a report on Friday. Wall Street Zen raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Saturday. BNP Paribas Exane initiated coverage on shares of Vodafone Group in a report on Tuesday, October 21st. They set an “underperform” rating and a $8.00 price objective for the company. Finally, The Goldman Sachs Group lowered shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price objective for the company. in a report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Vodafone Group presently has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.