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

Truist Financial Corp reduced its position in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,214 shares of the cell phone carrier's stock after selling 65,046 shares during the period. Truist Financial Corp's holdings in Vodafone Group Public were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of VOD. Allspring Global Investments Holdings LLC raised its stake in Vodafone Group Public by 20.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,134 shares of the cell phone carrier's stock valued at $132,000 after purchasing an additional 2,263 shares during the period. Private Advisor Group LLC boosted its position in shares of Vodafone Group Public by 4.9% during the third quarter. Private Advisor Group LLC now owns 66,492 shares of the cell phone carrier's stock worth $666,000 after acquiring an additional 3,122 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Vodafone Group Public in the 3rd quarter worth $7,482,000. Arkadios Wealth Advisors bought a new stake in Vodafone Group Public in the 3rd quarter worth approximately $259,000. Finally, PFG Investments LLC increased its position in Vodafone Group Public by 43.8% in the third quarter. PFG Investments LLC now owns 16,746 shares of the cell phone carrier's stock worth $168,000 after purchasing an additional 5,097 shares during the last quarter. 7.84% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

VOD has been the topic of several recent research reports. The Goldman Sachs Group cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. StockNews.com lowered shares of Vodafone Group Public from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Vodafone Group Public Stock Down 0.1 %

Shares of VOD traded down $0.01 during midday trading on Tuesday, reaching $8.90. 8,201,108 shares of the stock were exchanged, compared to its average volume of 6,321,004. The company has a market capitalization of $22.59 billion, a P/E ratio of 7.80, a PEG 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 company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The company's 50 day moving average is $8.46 and its two-hundred day moving average is $9.08.

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.