Steward Partners Investment Advisory LLC Decreases Holdings in Vodafone Group Public Limited

Steward Partners Investment Advisory LLC has recently reduced its stake in Vodafone Group Public Limited (NASDAQ:VOD – Free Report) by 6.5% during the fourth quarter, according to reports from HoldingsChannel. After selling 4,184 shares in the quarter, the advisory firm now holds 59,787 shares of the telecom giant’s stock, which are valued at approximately $508,000 based on the firm’s latest SEC filing.

A number of institutional investors have also modified their positions in Vodafone Group Public. Notably, Smartleaf Asset Management LLC significantly increased its stake by 63.7%, now owning 4,881 shares worth $41,000 after acquiring an additional 1,899 shares in the previous quarter. Similarly, Parkside Financial Bank & Trust raised its holdings by an impressive 912.9%, now owning 7,212 shares valued at $61,000 following the purchase of 6,500 more shares. In the fourth quarter, Kestra Investment Management LLC made a new investment in Vodafone Group worth $90,000. Additionally, Point72 Asia Singapore Pte. Ltd. boosted its stake by 627.3% in the third quarter, bringing its total to 9,651 shares valued at $97,000 after buying another 8,324 shares. Finally, Entropy Technologies LP also acquired a new position in Vodafone Group Public worth $110,000. Presently, 7.84% of Vodafone's stock is owned by institutional investors and hedge funds.

Vodafone Group Public Stock Performance

On Thursday, shares of NASDAQ VOD opened at $9.16. The stock has seen a 50-day moving average price of $8.56 and a 200-day moving average price of $9.07. Over the past year, Vodafone Group Public Limited has experienced a low of $8.00 and a high of $10.39. The company currently has a debt-to-equity ratio of 0.78, a quick ratio of 1.34, and a current ratio of 1.37. With a market capitalization of $23.26 billion, the stock has a price-to-earnings (PE) ratio of 8.04 and a price-to-earnings-growth (PEG) ratio of 0.66, alongside a beta of 0.75.

Analyst Upgrades and Downgrades

Several equity analysts have shared their views on Vodafone Group Public Limited. StockNews.com upgraded Vodafone from a “hold” rating to a “buy” rating in a research note dated March 5th. Following that, DZ Bank also elevated its rating from “hold” to “buy” on March 7th. However, The Goldman Sachs Group downgraded Vodafone from a “buy” to a “neutral” rating in a report on December 9th. Currently, two investment analysts have assigned a hold rating on the stock, three have rated it as a buy, and one has given it a strong buy rating, leading to a consensus rating of “Moderate Buy” according to MarketBeat.com.

Overview of Vodafone Group Public Limited

Vodafone Group Public Limited Company offers a wide range of telecommunication services both in Europe and globally. Its offerings include mobile connectivity services such as mobile voice, data services, messaging, device management, and telecom management, as well as professional consulting services. The company also provides fixed-line connectivity services covering fixed voice, data, broadband, software-defined networks, managed WAN, and financial services.

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Vodafone, Investment, Shares