Wells Fargo & Company MN Sells 373,081 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Wells Fargo & Company MN decreased its position in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 28.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 942,292 shares of the cell phone carrier’s stock after selling 373,081 shares during the period. Wells Fargo & Company MN’s holdings in Vodafone Group Public were worth $8,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Vodafone Group Public by 63.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock worth $41,000 after acquiring an additional 1,899 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Vodafone Group Public by 912.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock worth $61,000 after purchasing an additional 6,500 shares during the period. CIBC Private Wealth Group LLC grew its position in Vodafone Group Public by 84.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 10,598 shares of the cell phone carrier’s stock worth $87,000 after buying an additional 4,846 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Vodafone Group Public during the 4th quarter valued at $90,000. Finally, Strategic Family Wealth Counselors L.L.C. acquired a new position in Vodafone Group Public in the fourth quarter valued at about $92,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VOD shares. DZ Bank upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. StockNews.com downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Bank of America downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, March 24th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Vodafone Group Public Price Performance

Vodafone Group Public stock opened at $9.31 on Friday. The stock has a 50-day moving average price of $8.96 and a two-hundred day moving average price of $8.91. The company has a market capitalization of $22.05 billion, a PE ratio of 8.17, a P/E/G ratio of 0.66 and a beta of 0.58. Vodafone Group Public Limited has a 12 month low of $8.00 and a 12 month high of $10.39. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78.

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.