Truist Financial Corp Decreases Stock Position in Vodafone Group Public Limited (NASDAQ:VOD)

Truist Financial Corp cut its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 29.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 159,214 shares of the cell phone carrier’s stock after selling 65,046 shares during the quarter. Truist Financial Corp’s holdings in Vodafone Group Public were worth $1,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of Montreal Can raised its stake in shares of Vodafone Group Public by 12.4% in the third quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier’s stock worth $43,161,000 after purchasing an additional 472,537 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vodafone Group Public by 177.1% in the third quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock worth $33,632,000 after purchasing an additional 2,145,085 shares during the last quarter. Goldentree Asset Management LP raised its stake in shares of Vodafone Group Public by 1.9% in the third quarter. Goldentree Asset Management LP now owns 3,283,292 shares of the cell phone carrier’s stock worth $32,898,000 after purchasing an additional 60,943 shares during the last quarter. ABC Arbitrage SA purchased a new position in shares of Vodafone Group Public in the fourth quarter worth about $22,646,000. Finally, FMR LLC raised its stake in shares of Vodafone Group Public by 12.4% in the third quarter. FMR LLC now owns 1,835,411 shares of the cell phone carrier’s stock worth $18,391,000 after purchasing an additional 202,339 shares during the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com cut Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Vodafone Group Public currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Up 0.7 %

Vodafone Group Public stock opened at $8.81 on Friday. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.66 and a beta of 0.78. Vodafone Group Public Limited has a 52 week low of $8.00 and a 52 week high of $10.39. The business’s 50-day moving average price is $8.45 and its 200 day moving average price is $9.10. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

Vodafone Group Public 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.