Meridian Investment Counsel Inc. Sells 7,711 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Meridian Investment Counsel Inc. lowered its position in Vodafone Group Public Limited (NASDAQ:VOD) by 17.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,793 shares of the cell phone carrier’s stock after selling 7,711 shares during the period. Meridian Investment Counsel Inc.’s holdings in Vodafone Group Public were worth $326,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Vodafone Group Public by 116.7% during the second quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 2,102 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Vodafone Group Public during the first quarter valued at about $46,000. First Horizon Advisors Inc. grew its holdings in Vodafone Group Public by 581.7% during the fourth quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier’s stock valued at $47,000 after purchasing an additional 4,566 shares during the period. WFA Asset Management Corp grew its holdings in Vodafone Group Public by 146.7% during the fourth quarter. WFA Asset Management Corp now owns 5,466 shares of the cell phone carrier’s stock valued at $48,000 after purchasing an additional 3,250 shares during the period. Finally, Hexagon Capital Partners LLC grew its holdings in Vodafone Group Public by 230.9% during the first quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier’s stock valued at $48,000 after purchasing an additional 3,775 shares during the period. Institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Trading Up 0.9 %

VOD stock traded up $0.09 during midday trading on Monday, reaching $9.72. 5,026,096 shares of the company traded hands, compared to its average volume of 6,642,353. Vodafone Group Public Limited has a 52-week low of $8.02 and a 52-week high of $10.19. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average of $9.10 and a 200-day moving average of $8.90.

Wall Street Analysts Forecast Growth

VOD has been the topic of several research analyst reports. New Street Research upgraded Vodafone Group Public to a “strong-buy” rating in a research report on Monday, July 8th. StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Vodafone Group Public in a research report on Thursday, June 20th. They issued a “buy” rating on the stock. Finally, UBS Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vodafone Group Public presently has an average rating of “Moderate Buy” and an average target price of $14.45.

Vodafone Group Public Company 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.