Financial & Tax Architects LLC Makes New $866,000 Investment in Vodafone Group PLC $VOD

Financial & Tax Architects LLC acquired a new stake in Vodafone Group PLC (NASDAQ:VOD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 65,525 shares of the cell phone carrier’s stock, valued at approximately $866,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its position in Vodafone Group by 38.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after buying an additional 946 shares during the last quarter. Sound Income Strategies LLC increased its position in Vodafone Group by 3,455.7% during the third quarter. Sound Income Strategies LLC now owns 3,449 shares of the cell phone carrier’s stock valued at $39,000 after acquiring an additional 3,352 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Vodafone Group by 36.2% in the third quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier’s stock valued at $74,000 after acquiring an additional 1,698 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Vodafone Group by 98.1% in the second quarter. Smartleaf Asset Management LLC now owns 7,372 shares of the cell phone carrier’s stock valued at $78,000 after acquiring an additional 3,651 shares during the period. Finally, Rexford Capital Inc. bought a new stake in shares of Vodafone Group in the 2nd quarter worth about $89,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Price Performance

Shares of VOD stock opened at $15.21 on Monday. The company’s 50 day moving average is $14.98 and its 200 day moving average is $13.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13. Vodafone Group PLC has a 52-week low of $8.05 and a 52-week high of $15.91.

Analysts Set New Price Targets

Several equities analysts recently commented on VOD shares. UBS Group upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Berenberg Bank upgraded Vodafone Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, January 21st. Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.