Whittier Trust Co. of Nevada Inc. Sells 1,881 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Whittier Trust Co. of Nevada Inc. lessened its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 17.5% in the second quarter, Holdings Channel reports. The institutional investor owned 8,842 shares of the cell phone carrier’s stock after selling 1,881 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Vodafone Group Public were worth $78,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VOD. GAMMA Investing LLC grew its position in shares of Vodafone Group Public by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock worth $35,000 after buying an additional 2,102 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vodafone Group Public during the 1st quarter worth approximately $46,000. First Horizon Advisors Inc. grew its position in Vodafone Group Public by 581.7% in the 4th quarter. First Horizon Advisors Inc. now owns 5,351 shares of the cell phone carrier’s stock valued at $47,000 after purchasing an additional 4,566 shares during the period. Hexagon Capital Partners LLC grew its position in Vodafone Group Public by 230.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,410 shares of the cell phone carrier’s stock valued at $48,000 after purchasing an additional 3,775 shares during the period. Finally, Pingora Partners LLC purchased a new position in Vodafone Group Public during the 4th quarter worth $57,000. Institutional investors own 7.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com cut Vodafone Group Public from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. New Street Research raised Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Vodafone Group Public in a research note on Thursday, June 20th. They issued a “buy” rating for the company. Finally, UBS Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.45.

Vodafone Group Public Stock Performance

Shares of Vodafone Group Public stock traded down $0.10 during trading hours on Thursday, reaching $9.71. 2,694,967 shares of the stock traded hands, compared to its average volume of 6,572,100. Vodafone Group Public Limited has a one year low of $8.02 and a one year high of $10.19. 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 has a market capitalization of $26.16 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 0.95 and a beta of 0.75. The company has a 50 day moving average price of $9.22 and a 200 day moving average price of $8.96.

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.