Investors Research Corp Trims Stock Position in Vodafone Group Plc (NASDAQ:VOD)

Investors Research Corp cut its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,888 shares of the cell phone carrier’s stock after selling 550 shares during the quarter. Investors Research Corp’s holdings in Vodafone Group were worth $635,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VOD. Advisory Services Network LLC boosted its stake in shares of Vodafone Group by 8.7% during the first quarter. Advisory Services Network LLC now owns 10,867 shares of the cell phone carrier’s stock valued at $198,000 after purchasing an additional 869 shares in the last quarter. FMR LLC boosted its stake in shares of Vodafone Group by 0.8% during the first quarter. FMR LLC now owns 339,440 shares of the cell phone carrier’s stock valued at $6,171,000 after purchasing an additional 2,851 shares in the last quarter. Thomasville National Bank boosted its stake in shares of Vodafone Group by 16.6% during the second quarter. Thomasville National Bank now owns 34,893 shares of the cell phone carrier’s stock valued at $570,000 after purchasing an additional 4,963 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Vodafone Group by 4.5% during the second quarter. Fulton Bank N.A. now owns 78,993 shares of the cell phone carrier’s stock valued at $1,290,000 after purchasing an additional 3,366 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in shares of Vodafone Group by 43.9% during the second quarter. Foundations Investment Advisors LLC now owns 51,958 shares of the cell phone carrier’s stock valued at $857,000 after purchasing an additional 15,848 shares in the last quarter. 7.95% of the stock is currently owned by institutional investors and hedge funds.

VOD has been the topic of a number of recent research reports. Macquarie increased their price objective on shares of Vodafone Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday. Exane BNP Paribas upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 11th. Bank of America restated a “buy” rating on shares of Vodafone Group in a research note on Thursday, August 1st. Credit Suisse Group restated a “buy” rating and issued a $190.00 target price on shares of Vodafone Group in a research note on Thursday, October 17th. Finally, BidaskClub upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $73.92.

VOD traded up $0.20 during trading on Tuesday, hitting $20.75. The stock had a trading volume of 2,071,775 shares, compared to its average volume of 3,143,372. The company has a market capitalization of $55.17 billion, a PE ratio of 34.58, a PEG ratio of 1.30 and a beta of 0.80. Vodafone Group Plc has a twelve month low of $15.53 and a twelve month high of $21.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.52 and a current ratio of 1.55. The stock has a 50 day simple moving average of $19.76 and a two-hundred day simple moving average of $17.90.

Vodafone Group Company Profile

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.

Recommended Story: How to Invest in Marijuana Stocks

Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.