Waterfront Wealth Inc. Sells 2,521 Shares of Vodafone Group PLC $VOD

Waterfront Wealth Inc. lowered its position in Vodafone Group PLC (NASDAQ:VOD) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 371,160 shares of the cell phone carrier’s stock after selling 2,521 shares during the quarter. Vodafone Group accounts for about 0.9% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 27th biggest holding. Waterfront Wealth Inc.’s holdings in Vodafone Group were worth $3,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Fourpath Capital Management LLC grew its holdings in shares of Vodafone Group by 4.6% in the second quarter. Fourpath Capital Management LLC now owns 21,225 shares of the cell phone carrier’s stock worth $226,000 after acquiring an additional 940 shares during the period. Signaturefd LLC grew its holdings in Vodafone Group by 1.6% during the second quarter. Signaturefd LLC now owns 77,232 shares of the cell phone carrier’s stock valued at $823,000 after purchasing an additional 1,210 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Vodafone Group by 65.5% during the first quarter. Hazlett Burt & Watson Inc. now owns 3,159 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 1,250 shares during the period. Ethic Inc. grew its holdings in Vodafone Group by 1.5% during the second quarter. Ethic Inc. now owns 89,967 shares of the cell phone carrier’s stock valued at $949,000 after purchasing an additional 1,288 shares during the period. Finally, Brucke Financial Inc. grew its holdings in Vodafone Group by 9.8% during the first quarter. Brucke Financial Inc. now owns 14,700 shares of the cell phone carrier’s stock valued at $143,000 after purchasing an additional 1,308 shares during the period. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Stock Performance

NASDAQ VOD opened at $12.23 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average price of $11.63 and a 200-day moving average price of $10.79. Vodafone Group PLC has a twelve month low of $8.00 and a twelve month high of $12.36.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VOD shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Vodafone Group in a report on Wednesday, October 8th. Zacks Research raised Vodafone Group to a “hold” rating in a report on Tuesday, August 12th. The Goldman Sachs Group lowered Vodafone Group from a “neutral” rating to a “sell” rating and set a $136.00 price target for the company. in a report on Thursday, July 31st. Morgan Stanley started coverage on Vodafone Group in a report on Wednesday, July 2nd. They set an “equal weight” rating for the company. Finally, BNP Paribas raised Vodafone Group to a “strong sell” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $72.00.

Vodafone Group Profile

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.