B. Riley Wealth Advisors Inc. Sells 21,523 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

B. Riley Wealth Advisors Inc. cut its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 41.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,569 shares of the cell phone carrier’s stock after selling 21,523 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Vodafone Group Public were worth $286,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VOD. ACR Alpine Capital Research LLC lifted its stake 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 during the period. Bank of Montreal Can lifted its stake in Vodafone Group Public by 445.7% in the second quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock valued at $34,055,000 after buying an additional 3,107,734 shares during the period. Hsbc Holdings PLC grew its position in shares of Vodafone Group Public by 345.2% during the 2nd quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after buying an additional 2,346,815 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Vodafone Group Public by 20.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,548,765 shares of the cell phone carrier’s stock valued at $40,484,000 after acquiring an additional 761,624 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Vodafone Group Public by 163.7% during the 1st quarter. Cetera Investment Advisers now owns 692,886 shares of the cell phone carrier’s stock valued at $6,167,000 after acquiring an additional 430,092 shares during the period. Institutional investors own 7.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. UBS Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on Vodafone Group Public in a research note on Thursday, June 20th. They issued a “buy” rating for the company. Finally, New Street Research upgraded Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.45.

Vodafone Group Public Trading Down 0.3 %

Shares of NASDAQ VOD opened at $9.66 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. The firm’s 50-day simple moving average is $9.75 and its 200 day simple moving average is $9.23. Vodafone Group Public Limited has a fifty-two week low of $8.02 and a fifty-two week high of $10.39.

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.