Gateway Investment Advisers LLC Sells 128,171 Shares of Vodafone Group PLC $VOD

Gateway Investment Advisers LLC trimmed its position in Vodafone Group PLC (NASDAQ:VOD) by 77.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,143 shares of the cell phone carrier’s stock after selling 128,171 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Vodafone Group were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VOD. Assetmark Inc. raised its stake in Vodafone Group by 156.8% in the fourth quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after buying an additional 1,389 shares in the last quarter. Bayban raised its stake in Vodafone Group by 6,696.7% during the first quarter. Bayban now owns 2,039 shares of the cell phone carrier’s stock valued at $31,000 after buying an additional 2,009 shares during the last quarter. American Capital Advisory LLC increased its stake in Vodafone Group by 40.8% during the 4th quarter. American Capital Advisory LLC now owns 2,400 shares of the cell phone carrier’s stock valued at $32,000 after purchasing an additional 696 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Vodafone Group during the first quarter valued at approximately $34,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Vodafone Group by 81.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,651 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,193 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a report on Friday, July 10th. Barclays downgraded shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 11th. Zacks Research cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings downgraded shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Finally, Wall Street Zen upgraded Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $10.57.

Vodafone Group Stock Up 1.2%

NASDAQ VOD opened at $16.09 on Thursday. Vodafone Group PLC has a 52-week low of $11.12 and a 52-week high of $16.60. The firm’s 50 day moving average price is $14.84 and its 200-day moving average price is $15.04. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

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.