Oppenheimer Asset Management Inc. Sells 21,179 Shares of Vodafone Group PLC $VOD

Oppenheimer Asset Management Inc. lessened its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,977,271 shares of the cell phone carrier’s stock after selling 21,179 shares during the quarter. Vodafone Group comprises 0.7% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 22nd largest position. Oppenheimer Asset Management Inc.’s holdings in Vodafone Group were worth $63,718,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Vodafone Group during the 2nd quarter valued at about $25,000. Atwood & Palmer Inc. bought a new stake in shares of Vodafone Group during the 2nd quarter valued at about $27,000. Hazlett Burt & Watson Inc. raised its holdings 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 valued at $30,000 after buying an additional 1,250 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Vodafone Group during the 1st quarter valued at about $31,000. Finally, GAMMA Investing LLC raised its holdings in shares of Vodafone Group by 49.7% during the 2nd quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier’s stock valued at $71,000 after buying an additional 2,201 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Price Performance

VOD 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 52-week low of $8.00 and a 52-week high of $12.06. The stock has a market capitalization 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. The stock’s 50 day moving average price is $11.62 and its 200-day moving average price is $10.73.

Analysts Set New Price Targets

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

About Vodafone Group

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.