Capital Wealth Planning LLC Acquires 235,272 Shares of Vodafone Group PLC $VOD

Capital Wealth Planning LLC boosted its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 75.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 549,135 shares of the cell phone carrier’s stock after acquiring an additional 235,272 shares during the quarter. Capital Wealth Planning LLC’s holdings in Vodafone Group were worth $6,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WESPAC Advisors LLC lifted its position in Vodafone Group by 0.9% during the 3rd quarter. WESPAC Advisors LLC now owns 96,003 shares of the cell phone carrier’s stock valued at $1,114,000 after purchasing an additional 903 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Vodafone Group by 5.1% during the third quarter. Quadrant Capital Group LLC now owns 20,412 shares of the cell phone carrier’s stock worth $237,000 after buying an additional 985 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Vodafone Group by 14.0% in the third quarter. Parallel Advisors LLC now owns 8,640 shares of the cell phone carrier’s stock valued at $100,000 after buying an additional 1,059 shares during the period. US Bancorp DE boosted its stake in Vodafone Group by 3.8% in the third quarter. US Bancorp DE now owns 32,829 shares of the cell phone carrier’s stock valued at $381,000 after acquiring an additional 1,189 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in Vodafone Group by 7.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 16,890 shares of the cell phone carrier’s stock worth $196,000 after acquiring an additional 1,194 shares during the period. 7.84% of the stock is owned by institutional investors.

Vodafone Group Stock Up 0.7%

Shares of NASDAQ:VOD opened at $14.41 on Friday. Vodafone Group PLC has a 12 month low of $8.05 and a 12 month high of $15.91. The company’s fifty day simple moving average is $14.64 and its 200 day simple moving average is $12.93. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.17.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VOD. Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Berenberg Bank upgraded Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Wall Street Zen lowered 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 report on Wednesday, January 21st. Finally, Zacks Research raised Vodafone Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $72.00.

Vodafone Group Company Profile

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.