BridgePort Financial Solutions LLC Takes Position in Vodafone Group PLC $VOD

BridgePort Financial Solutions LLC bought a new stake in Vodafone Group PLC (NASDAQ:VOD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,324 shares of the cell phone carrier’s stock, valued at approximately $467,000.

A number of other institutional investors have also recently bought and sold shares of the business. ACR Alpine Capital Research LLC raised its stake in shares of Vodafone Group by 3.0% in the 1st quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock valued at $403,361,000 after buying an additional 784,305 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Vodafone Group by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier’s stock valued at $201,935,000 after acquiring an additional 182,574 shares in the last quarter. Bank of New York Mellon Corp boosted 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 valued at $117,602,000 after acquiring an additional 8,811,061 shares in the last quarter. Bank of America Corp DE increased its stake in Vodafone Group by 9.1% in the third quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock valued at $85,041,000 after acquiring an additional 610,409 shares during the period. Finally, SALT Holding Corp. raised its position in Vodafone Group by 5.5% in the third quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock worth $44,324,000 after purchasing an additional 197,500 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Stock Performance

NASDAQ VOD opened at $16.22 on Friday. Vodafone Group PLC has a 1-year low of $11.12 and a 1-year high of $16.60. The company has a 50 day moving average of $14.86 and a 200-day moving average of $15.06. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VOD. Wall Street Zen raised Vodafone Group from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. DZ Bank downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. New Street Research raised Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Zacks Research cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Barclays cut Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Two 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 stock. Based on data from MarketBeat, Vodafone Group currently has a consensus rating of “Reduce” and an average price target of $10.57.

About Vodafone Group

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.