Meridian Investment Counsel Inc. Has $110,000 Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

Meridian Investment Counsel Inc. trimmed its stake in Vodafone Group Public Limited (NASDAQ:VOD) by 47.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,943 shares of the cell phone carrier’s stock after selling 11,700 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Vodafone Group Public were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in shares of Vodafone Group Public by 63.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock worth $41,000 after purchasing an additional 1,899 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Vodafone Group Public by 912.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock valued at $61,000 after acquiring an additional 6,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Vodafone Group Public by 627.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,651 shares of the cell phone carrier’s stock valued at $97,000 after acquiring an additional 8,324 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Vodafone Group Public in the fourth quarter worth approximately $90,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Vodafone Group Public by 84.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 10,598 shares of the cell phone carrier’s stock valued at $87,000 after purchasing an additional 4,846 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Public Stock Down 0.8 %

VOD stock opened at $9.37 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. The company has a 50-day moving average of $8.87 and a two-hundred day moving average of $9.03. The stock has a market capitalization of $22.18 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. Vodafone Group Public Limited has a 52-week low of $8.00 and a 52-week high of $10.39.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Bank of America lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, March 24th. Finally, The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.