Oppenheimer & Co. Inc. Sells 1,074,045 Shares of Vodafone Group PLC $VOD

Oppenheimer & Co. Inc. lessened its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 69.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,882 shares of the cell phone carrier’s stock after selling 1,074,045 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vodafone Group were worth $5,567,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. WESPAC Advisors LLC grew its stake in shares of Vodafone Group by 0.9% in the third quarter. WESPAC Advisors LLC now owns 96,003 shares of the cell phone carrier’s stock worth $1,114,000 after acquiring an additional 903 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Vodafone Group by 7.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 16,890 shares of the cell phone carrier’s stock worth $196,000 after purchasing an additional 1,194 shares in the last quarter. First Trust Advisors LP grew its position in Vodafone Group by 3.9% during the 2nd quarter. First Trust Advisors LP now owns 32,248 shares of the cell phone carrier’s stock valued at $344,000 after purchasing an additional 1,215 shares during the last quarter. Brown Advisory Inc. increased its stake in Vodafone Group by 3.9% during the 2nd quarter. Brown Advisory Inc. now owns 32,523 shares of the cell phone carrier’s stock valued at $347,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Ethic Inc. raised its holdings in Vodafone Group by 1.5% in the second quarter. Ethic Inc. now owns 89,967 shares of the cell phone carrier’s stock worth $949,000 after buying an additional 1,288 shares during the last quarter. 7.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VOD shares. BNP Paribas Exane raised shares of Vodafone Group to a “strong sell” rating in a research report on Tuesday, October 21st. Wall Street Zen downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Vodafone Group in a research note on Wednesday, January 21st. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Finally, Zacks Research upgraded Vodafone Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $72.00.

Vodafone Group Stock Down 1.5%

VOD stock opened at $15.25 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17. Vodafone Group PLC has a 1 year low of $8.05 and a 1 year high of $15.90. The stock’s fifty day moving average price is $13.57 and its 200-day moving average price is $12.35.

About Vodafone Group

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.