Keating Investment Counselors Inc. Decreases Stake in Vodafone Group Public Limited (NASDAQ:VOD)

Keating Investment Counselors Inc. reduced its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 805,599 shares of the cell phone carrier’s stock after selling 61,835 shares during the period. Vodafone Group Public makes up 2.3% of Keating Investment Counselors Inc.’s holdings, making the stock its 11th biggest position. Keating Investment Counselors Inc.’s holdings in Vodafone Group Public were worth $7,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VOD. Lake Street Advisors Group LLC purchased a new position in Vodafone Group Public during the second quarter worth about $101,000. Private Advisor Group LLC raised its stake in Vodafone Group Public by 30.0% during the second quarter. Private Advisor Group LLC now owns 63,370 shares of the cell phone carrier’s stock worth $562,000 after purchasing an additional 14,606 shares during the period. Rhumbline Advisers raised its stake in Vodafone Group Public by 19.6% during the second quarter. Rhumbline Advisers now owns 24,549 shares of the cell phone carrier’s stock worth $218,000 after purchasing an additional 4,015 shares during the period. Natixis Advisors LLC raised its stake in Vodafone Group Public by 98.9% during the second quarter. Natixis Advisors LLC now owns 103,983 shares of the cell phone carrier’s stock worth $922,000 after purchasing an additional 51,705 shares during the period. Finally, Equitable Trust Co. raised its stake in shares of Vodafone Group Public by 6.5% in the 2nd quarter. Equitable Trust Co. now owns 49,217 shares of the cell phone carrier’s stock valued at $437,000 after acquiring an additional 3,023 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Public Trading Down 2.2 %

Shares of VOD stock opened at $9.97 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.29 and a current ratio of 1.31. The company has a 50 day moving average price of $9.36 and a 200 day moving average price of $9.04. Vodafone Group Public Limited has a fifty-two week low of $8.02 and a fifty-two week high of $10.29.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VOD shares. 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 shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Vodafone Group Public in a research note on Thursday, June 20th. They issued a “buy” rating on the stock. Finally, New Street Research raised shares of Vodafone Group Public to a “strong-buy” rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.