251,006 Shares in Vodafone Group PLC $VOD Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of Vodafone Group PLC (NASDAQ:VOD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 251,006 shares of the cell phone carrier’s stock, valued at approximately $3,320,000.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Vodafone Group by 9,637.5% during the 4th quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock worth $117,602,000 after purchasing an additional 8,811,061 shares during the last quarter. SALT Holding Corp. increased its position in Vodafone Group by 3,039.6% in the 2nd quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock worth $38,627,000 after buying an additional 3,508,086 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Vodafone Group by 282.5% during the second quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock worth $33,707,000 after buying an additional 2,335,306 shares during the last quarter. Jump Financial LLC boosted its position in shares of Vodafone Group by 6,354.9% in the third quarter. Jump Financial LLC now owns 1,345,455 shares of the cell phone carrier’s stock valued at $15,607,000 after acquiring an additional 1,324,611 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Vodafone Group by 235.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,548,454 shares of the cell phone carrier’s stock worth $16,507,000 after acquiring an additional 1,086,405 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Performance

NASDAQ VOD opened at $16.04 on Tuesday. Vodafone Group PLC has a twelve month low of $11.12 and a twelve month high of $16.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.11. The company’s 50-day simple moving average is $15.18 and its 200 day simple moving average is $15.16.

Analysts Set New Price Targets

VOD has been the subject of several research analyst reports. Weiss Ratings cut shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Zacks Research downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. New Street Research raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Barclays cut shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 11th. Finally, Bank of America lowered Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target on the stock. in a research note on Tuesday, May 26th. Two equities research 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 data from MarketBeat.com, Vodafone Group presently has an average rating of “Reduce” and a consensus price target of $10.57.

Vodafone Group Company 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.