Vodafone Group PLC $VOD Stake Cut by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 26.5% in the fourth quarter, Holdings Channel reports. The firm owned 352,848 shares of the cell phone carrier’s stock after selling 127,034 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vodafone Group were worth $4,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. raised its stake in shares of Vodafone Group by 156.8% during the 4th quarter. Assetmark Inc. now owns 2,275 shares of the cell phone carrier’s stock worth $30,000 after purchasing an additional 1,389 shares in the last quarter. American Capital Advisory LLC raised its stake in shares of 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 worth $32,000 after purchasing an additional 696 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Vodafone Group by 38.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock worth $40,000 after purchasing an additional 946 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Vodafone Group by 38.2% during the 4th quarter. Sound Income Strategies LLC now owns 4,766 shares of the cell phone carrier’s stock worth $64,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Vodafone Group by 36.2% during the 3rd quarter. Global Retirement Partners LLC now owns 6,389 shares of the cell phone carrier’s stock worth $74,000 after purchasing an additional 1,698 shares in the last quarter. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on VOD. Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Weiss Ratings raised Vodafone Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 17th. Zacks Research raised Vodafone Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, UBS Group raised Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.00.

Vodafone Group Trading Up 2.2%

Shares of NASDAQ:VOD opened at $16.15 on Friday. Vodafone Group PLC has a 1-year low of $8.98 and a 1-year high of $16.22. The business’s 50 day moving average is $15.12 and its 200-day moving average is $13.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 1.13.

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.