Cohen Investment Advisors LLC Cuts Stock Holdings in Vodafone Group PLC $VOD

Cohen Investment Advisors LLC lowered its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,437 shares of the cell phone carrier’s stock after selling 2,323 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Vodafone Group were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Vodafone Group during the second quarter valued at $25,000. Atwood & Palmer Inc. bought a new position in Vodafone Group during the second quarter valued at $27,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Vodafone Group by 65.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 1,250 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Vodafone Group in the 1st quarter worth about $31,000. Finally, NBC Securities Inc. lifted its holdings in shares of Vodafone Group by 116,833.3% in the 1st quarter. NBC Securities Inc. now owns 3,508 shares of the cell phone carrier’s stock worth $32,000 after acquiring an additional 3,505 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Performance

NASDAQ:VOD opened at $11.27 on Thursday. Vodafone Group PLC has a one year low of $8.00 and a one year high of $12.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.26. The firm has a market cap of $27.17 billion, a P/E ratio of 9.89, a P/E/G ratio of 0.54 and a beta of 0.62. The firm has a 50-day simple moving average of $11.57 and a 200-day simple moving average of $10.51.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VOD shares. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday. Berenberg Bank raised shares of Vodafone Group to a “hold” rating in a research report on Thursday, June 26th. The Goldman Sachs Group cut shares of Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price objective for the company. in a research report on Thursday, July 31st. Zacks Research raised shares of Vodafone Group to a “hold” rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley initiated coverage on shares of Vodafone Group in a research report on Wednesday, July 2nd. They issued an “equal weight” rating for the company. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $136.00.

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.