Raymond James Financial Inc. Buys Shares of 1,246,470 Vodafone Group Public Limited (NASDAQ:VOD)

Raymond James Financial Inc. purchased a new stake in shares of Vodafone Group Public Limited (NASDAQ:VOD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,246,470 shares of the cell phone carrier's stock, valued at approximately $10,583,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Aigen Investment Management LP purchased a new stake in shares of Vodafone Group Public in the 4th quarter worth about $93,000. Atria Investments Inc lifted its holdings in Vodafone Group Public by 8.7% in the fourth quarter. Atria Investments Inc now owns 842,286 shares of the cell phone carrier's stock worth $7,151,000 after buying an additional 67,086 shares during the period. Cookson Peirce & Co. Inc. boosted its position in Vodafone Group Public by 13.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 48,028 shares of the cell phone carrier's stock valued at $408,000 after acquiring an additional 5,692 shares in the last quarter. ACR Alpine Capital Research LLC raised its position in shares of Vodafone Group Public by 0.4% in the 4th quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier's stock worth $186,834,000 after acquiring an additional 97,636 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its stake in shares of Vodafone Group Public by 4.2% in the 4th quarter. Fidelis Capital Partners LLC now owns 49,885 shares of the cell phone carrier's stock valued at $424,000 after purchasing an additional 2,033 shares during the period. Hedge funds and other institutional investors own 7.84% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently weighed in on VOD. Bank of America cut Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday. DZ Bank upgraded shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. StockNews.com raised shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group downgraded shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vodafone Group Public presently has an average rating of "Moderate Buy".

Vodafone Group Public Stock Down 4.5 %

Vodafone Group Public stock traded down $0.44 during mid-day trading on Monday, reaching $9.29. The stock had a trading volume of 20,795,019 shares, compared to its average volume of 10,369,709. The company has a market capitalization of $21.99 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 0.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. Vodafone Group Public Limited has a one year low of $8.00 and a one year high of $10.39. The company has a 50-day moving average price of $8.75 and a two-hundred day moving average price of $9.06.

About Vodafone Group Public

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.