Ethic Inc. Boosts Holdings in Vodafone Group PLC $VOD

Ethic Inc. boosted its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 1.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 89,967 shares of the cell phone carrier’s stock after buying an additional 1,288 shares during the quarter. Ethic Inc.’s holdings in Vodafone Group were worth $949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. ACR Alpine Capital Research LLC boosted its stake in Vodafone Group by 16.8% during the first quarter. ACR Alpine Capital Research LLC now owns 25,696,928 shares of the cell phone carrier’s stock worth $240,780,000 after buying an additional 3,690,617 shares during the period. Envestnet Asset Management Inc. boosted its stake in Vodafone Group by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 5,499,770 shares of the cell phone carrier’s stock worth $51,533,000 after buying an additional 69,986 shares during the period. Royal Bank of Canada boosted its stake in Vodafone Group by 5.4% during the first quarter. Royal Bank of Canada now owns 3,117,008 shares of the cell phone carrier’s stock worth $29,207,000 after buying an additional 159,985 shares during the period. Northern Trust Corp boosted its stake in shares of Vodafone Group by 22.9% during the first quarter. Northern Trust Corp now owns 2,194,203 shares of the cell phone carrier’s stock valued at $20,560,000 after purchasing an additional 409,376 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Vodafone Group by 26.4% during the first quarter. American Century Companies Inc. now owns 1,661,165 shares of the cell phone carrier’s stock valued at $15,565,000 after purchasing an additional 346,458 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Vodafone Group to a “hold” rating in a research note on Tuesday, August 12th. BNP Paribas raised shares of Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. Morgan Stanley assumed coverage on shares of Vodafone Group in a research note on Wednesday, July 2nd. They set an “equal weight” rating for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a research note on Friday. Finally, Wall Street Zen raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Vodafone Group currently has a consensus rating of “Reduce” and an average price target of $72.00.

Vodafone Group Stock Performance

Shares of Vodafone Group stock opened at $11.73 on Monday. The company has a market capitalization of $28.14 billion, a PE ratio of 10.38, a P/E/G ratio of 0.27 and a beta of 0.62. 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 company has a 50-day simple moving average of $11.62 and a two-hundred day simple moving average of $10.74. Vodafone Group PLC has a one year low of $8.00 and a one year high of $12.06.

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.