Hanson & Doremus Investment Management reduced its stake in Vodafone Group Plc (NASDAQ:VOD) by 1.2% in the fourth quarter, HoldingsChannel reports. The fund owned 81,204 shares of the cell phone carrier’s stock after selling 1,016 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Vodafone Group were worth $1,570,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VOD. Corbenic Partners LLC purchased a new position in shares of Vodafone Group in the fourth quarter worth approximately $28,000. Balentine LLC grew its position in Vodafone Group by 141.4% in the 3rd quarter. Balentine LLC now owns 1,470 shares of the cell phone carrier’s stock worth $29,000 after purchasing an additional 861 shares in the last quarter. Lenox Wealth Advisors LLC bought a new stake in Vodafone Group in the 3rd quarter worth about $33,000. HM Payson & Co. bought a new stake in Vodafone Group in the 2nd quarter worth about $41,000. Finally, Optimum Investment Advisors grew its position in Vodafone Group by 26.3% in the 3rd quarter. Optimum Investment Advisors now owns 2,582 shares of the cell phone carrier’s stock worth $51,000 after purchasing an additional 538 shares in the last quarter. 7.97% of the stock is owned by institutional investors.

VOD has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. UBS Group reaffirmed a “buy” rating on shares of Vodafone Group in a research note on Tuesday, December 3rd. BidaskClub lowered shares of Vodafone Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 10th. ValuEngine upgraded shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Argus increased their price target on shares of Vodafone Group to $23.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. Vodafone Group has an average rating of “Buy” and an average price target of $20.12.

Shares of VOD traded down $0.10 during midday trading on Thursday, reaching $20.29. The stock had a trading volume of 58,876 shares, compared to its average volume of 2,208,375. The company’s 50-day moving average is $19.45 and its 200 day moving average is $19.03. Vodafone Group Plc has a 12-month low of $15.53 and a 12-month high of $21.72. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $54.53 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 1.73 and a beta of 0.74.

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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