Bank of New York Mellon Corp Acquires 37,484 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Bank of New York Mellon Corp increased its holdings in shares of Vodafone Group Public Limited (NASDAQ:VOD) by 87.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,535 shares of the cell phone carrier’s stock after acquiring an additional 37,484 shares during the quarter. Bank of New York Mellon Corp’s holdings in Vodafone Group Public were worth $714,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Vodafone Group Public during the first quarter worth about $46,000. Stifel Financial Corp raised its position in Vodafone Group Public by 23.6% during the fourth quarter. Stifel Financial Corp now owns 532,381 shares of the cell phone carrier’s stock valued at $4,632,000 after purchasing an additional 101,553 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Vodafone Group Public during the first quarter worth $1,151,000. ACR Alpine Capital Research LLC boosted its holdings in shares of Vodafone Group Public by 40.4% in the 1st quarter. ACR Alpine Capital Research LLC now owns 21,608,956 shares of the cell phone carrier’s stock valued at $192,320,000 after purchasing an additional 6,216,805 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Vodafone Group Public by 353.6% during the 1st quarter. Sei Investments Co. now owns 136,789 shares of the cell phone carrier’s stock worth $1,217,000 after buying an additional 106,636 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Stock Down 0.5 %

Shares of Vodafone Group Public stock opened at $10.01 on Monday. Vodafone Group Public Limited has a one year low of $8.02 and a one year high of $10.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29. The stock’s 50-day moving average is $9.58 and its 200 day moving average is $9.14. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.02 and a beta of 0.77.

Analyst Upgrades and Downgrades

VOD has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Vodafone Group Public in a research report on Thursday, June 20th. They set a “buy” rating for the company. UBS Group cut Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. New Street Research upgraded Vodafone Group Public to a “strong-buy” rating in a research report on Monday, July 8th. Finally, StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vodafone Group Public presently has an average rating of “Moderate Buy” and a consensus price target of $14.45.

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.