Envestnet Portfolio Solutions Inc. Has $131,000 Stock Position in Vodafone Group PLC $VOD

Envestnet Portfolio Solutions Inc. lifted its stake in Vodafone Group PLC (NASDAQ:VOD) by 14.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,284 shares of the cell phone carrier’s stock after acquiring an additional 1,533 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Vodafone Group were worth $131,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC boosted its stake in Vodafone Group by 20.9% during the first quarter. Perigon Wealth Management LLC now owns 40,946 shares of the cell phone carrier’s stock worth $384,000 after buying an additional 7,079 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Vodafone Group during the first quarter worth $125,000. Waterfront Wealth Inc. boosted its stake in Vodafone Group by 54.2% during the first quarter. Waterfront Wealth Inc. now owns 373,681 shares of the cell phone carrier’s stock worth $3,501,000 after buying an additional 131,291 shares in the last quarter. Checchi Capital Advisers LLC acquired a new stake in Vodafone Group during the first quarter worth $122,000. Finally, Wayfinding Financial LLC acquired a new stake in Vodafone Group during the first quarter worth $31,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Price Performance

Vodafone Group stock opened at $11.73 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. Vodafone Group PLC has a 1 year low of $8.00 and a 1 year high of $12.06. The company’s 50-day moving average is $11.62 and its two-hundred day moving average is $10.73.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VOD shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a research note on Friday. BNP Paribas Exane assumed coverage on shares of Vodafone Group in a research note on Tuesday, October 21st. They issued an “underperform” rating and a $8.00 target price on the stock. BNP Paribas upgraded shares of Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Morgan Stanley assumed coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They issued an “equal weight” rating on the stock. Finally, Zacks Research upgraded shares of Vodafone Group to a “hold” rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $72.00.

Vodafone Group Company 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.