Merit Financial Group LLC Has $10.43 Million Holdings in Vodafone Group PLC $VOD

Merit Financial Group LLC raised its stake in Vodafone Group PLC (NASDAQ:VOD) by 7,003.0% in the second quarter, Holdings Channel.com reports. The firm owned 788,577 shares of the cell phone carrier’s stock after acquiring an additional 777,475 shares during the period. Merit Financial Group LLC’s holdings in Vodafone Group were worth $10,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in VOD. ACR Alpine Capital Research LLC lifted its stake in shares of Vodafone Group by 3.0% in the first quarter. ACR Alpine Capital Research LLC now owns 26,854,952 shares of the cell phone carrier’s stock valued at $403,361,000 after buying an additional 784,305 shares during the period. Goldman Sachs Group Inc. increased its stake in Vodafone Group by 1.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 15,286,509 shares of the cell phone carrier’s stock valued at $201,935,000 after acquiring an additional 182,574 shares during the period. Bank of New York Mellon Corp raised its holdings in Vodafone Group by 9,637.5% in the 4th quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock valued at $117,602,000 after acquiring an additional 8,811,061 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Vodafone Group by 9.1% in the 3rd quarter. Bank of America Corp DE now owns 7,331,144 shares of the cell phone carrier’s stock worth $85,041,000 after acquiring an additional 610,409 shares during the period. Finally, SALT Holding Corp. grew its holdings in shares of Vodafone Group by 5.5% during the 3rd quarter. SALT Holding Corp. now owns 3,821,000 shares of the cell phone carrier’s stock worth $44,324,000 after purchasing an additional 197,500 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

Wall Street Analysts Forecast Growth

VOD has been the topic of a number of recent research reports. DZ Bank downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Bank of America downgraded shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price objective for the company. in a report on Tuesday, May 26th. Weiss Ratings lowered shares of Vodafone Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Finally, New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Vodafone Group presently has a consensus rating of “Reduce” and an average target price of $10.57.

Vodafone Group Price Performance

Vodafone Group stock opened at $16.09 on Thursday. The stock has a fifty day moving average price of $14.84 and a two-hundred day moving average price of $15.04. Vodafone Group PLC has a 52-week low of $11.12 and a 52-week high of $16.60. The company has a current ratio of 1.14, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

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.