Creative Planning Increases Position in Vodafone Group Plc (VOD)

Creative Planning increased its position in Vodafone Group Plc (NASDAQ:VOD) by 21.3% in the third quarter, HoldingsChannel.com reports. The firm owned 58,925 shares of the cell phone carrier’s stock after acquiring an additional 10,347 shares during the period. Creative Planning’s holdings in Vodafone Group were worth $1,279,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sandy Spring Bank boosted its holdings in Vodafone Group by 13.3% during the second quarter. Sandy Spring Bank now owns 17,660 shares of the cell phone carrier’s stock worth $429,000 after buying an additional 2,069 shares during the last quarter. Carret Asset Management LLC boosted its holdings in Vodafone Group by 4.5% during the second quarter. Carret Asset Management LLC now owns 51,339 shares of the cell phone carrier’s stock worth $1,248,000 after buying an additional 2,209 shares during the last quarter. WealthTrust Axiom LLC boosted its holdings in Vodafone Group by 1.6% during the second quarter. WealthTrust Axiom LLC now owns 180,888 shares of the cell phone carrier’s stock worth $4,397,000 after buying an additional 2,900 shares during the last quarter. Financial & Investment Management Group Ltd. boosted its holdings in Vodafone Group by 2.0% during the second quarter. Financial & Investment Management Group Ltd. now owns 146,847 shares of the cell phone carrier’s stock worth $3,570,000 after buying an additional 2,949 shares during the last quarter. Finally, Signet Financial Management LLC boosted its holdings in Vodafone Group by 1.9% during the second quarter. Signet Financial Management LLC now owns 163,575 shares of the cell phone carrier’s stock worth $3,976,000 after buying an additional 3,121 shares during the last quarter. Hedge funds and other institutional investors own 10.07% of the company’s stock.

NASDAQ:VOD opened at $19.45 on Friday. Vodafone Group Plc has a fifty-two week low of $18.45 and a fifty-two week high of $32.75. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market cap of $50.31 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.74 and a beta of 0.80.

VOD has been the topic of a number of recent analyst reports. Zacks Investment Research cut Vodafone Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. BidaskClub upgraded Vodafone Group from a “strong sell” rating to a “sell” rating in a report on Saturday, July 7th. Bank of America cut Vodafone Group from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. Citigroup upgraded Vodafone Group from a “neutral” rating to a “buy” rating in a report on Thursday, September 6th. Finally, Raymond James cut Vodafone Group from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.36.

Vodafone Group Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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