Vodafone Group PLC $VOD Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 15.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 242,690 shares of the cell phone carrier’s stock after selling 44,770 shares during the quarter. HighTower Advisors LLC’s holdings in Vodafone Group were worth $2,274,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. boosted its stake in shares of Vodafone Group by 65.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 1,250 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Vodafone Group during the 1st quarter worth $31,000. NBC Securities Inc. boosted its stake in shares of Vodafone Group by 116,833.3% during the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier’s stock worth $32,000 after acquiring an additional 3,505 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of Vodafone Group by 258.0% during the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock worth $44,000 after acquiring an additional 3,733 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Vodafone Group by 509.7% during the 4th quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier’s stock worth $58,000 after acquiring an additional 5,709 shares in the last quarter. 7.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VOD has been the subject of several research reports. Berenberg Bank raised Vodafone Group to a “hold” rating in a research note on Thursday, June 26th. Morgan Stanley began coverage on Vodafone Group in a research report on Wednesday, July 2nd. They issued an “equal weight” rating for the company. Zacks Research raised Vodafone Group to a “hold” rating in a research report on Tuesday, August 12th. Wall Street Zen cut Vodafone Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 27th. Finally, The Goldman Sachs Group cut Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 target price for the company. in a research report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Vodafone Group presently has an average rating of “Reduce” and an average target price of $136.00.

Vodafone Group Price Performance

VOD opened at $11.92 on Friday. The stock has a market cap of $28.92 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.57 and a beta of 0.62. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $11.99. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average price of $11.01 and a 200 day moving average price of $9.90.

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.