TRU Independence Asset Management 2 LLC Buys New Position in Vodafone Group Plc (NASDAQ:VOD)

TRU Independence Asset Management 2 LLC bought a new stake in Vodafone Group Plc (NASDAQ:VOD) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,300 shares of the cell phone carrier’s stock, valued at approximately $38,000.

Other institutional investors have also recently made changes to their positions in the company. DORCHESTER WEALTH MANAGEMENT Co grew its stake in Vodafone Group by 2.0% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 30,767 shares of the cell phone carrier’s stock valued at $507,000 after purchasing an additional 600 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Vodafone Group by 10.2% during the 4th quarter. First Horizon Advisors Inc. now owns 6,945 shares of the cell phone carrier’s stock worth $114,000 after acquiring an additional 643 shares during the period. Keybank National Association OH boosted its stake in Vodafone Group by 2.7% in the 4th quarter. Keybank National Association OH now owns 27,228 shares of the cell phone carrier’s stock valued at $449,000 after purchasing an additional 725 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Vodafone Group by 6.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 11,635 shares of the cell phone carrier’s stock valued at $192,000 after purchasing an additional 729 shares during the period. Finally, Cahill Financial Advisors Inc. boosted its stake in Vodafone Group by 5.2% in the 4th quarter. Cahill Financial Advisors Inc. now owns 17,906 shares of the cell phone carrier’s stock valued at $295,000 after purchasing an additional 884 shares during the period. 8.30% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group stock opened at $18.97 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.10 and a current ratio of 1.12. Vodafone Group Plc has a 52 week low of $13.00 and a 52 week high of $19.45. The stock has a market capitalization of $50.91 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The stock has a fifty day moving average of $18.38 and a 200-day moving average of $16.70.

Several analysts recently issued reports on VOD shares. Barclays restated an “overweight” rating on shares of Vodafone Group in a research note on Thursday, February 4th. HSBC restated a “buy” rating on shares of Vodafone Group in a research note on Thursday, December 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Vodafone Group in a report on Thursday, February 4th. Berenberg Bank raised Vodafone Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 6th. Finally, Zacks Investment Research cut Vodafone Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 9th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Vodafone Group presently has an average rating of “Buy” and a consensus target price of $18.00.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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

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