Vodafone Group Plc (NASDAQ: VOD): The Best-Of-Breed For Investing?


Renaissance Technologies LLC recently announced the acquisition of new stake in Vodafone Group Plc (NASDAQ:VOD). The institutional investor has increased its shareholding in the Communication Services company by 5.81% to 38.24 million shares with purchase of 2.1 million shares. This fresh investment now brings its stake to 1.43% valued currently at $581.3 million. In addition, Hotchkis & Wiley Capital Manageme.. raised its holdings by 0.61 million to 22.04 million shares. And Altrinsic Global Advisors LLC has lifted its position by 5.58% or 0.5 million shares – to 9.41 million shares.

With over 4.53 million Vodafone Group Plc (VOD) shares trading Tuesday and a closing price of $14.49 on the day, the dollar volume was approximately $65.71 million. The shares have shown a negative weekly performance of -4.61% and its price on 09/01/20 lost nearly -1.90%. Currently, there are 2.70B common shares owned by the public and among those 2.67B shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for VOD have a consensus price objective of $22.29. The analysts have set the share’s price value over the next 12 months at a high of $28.77 and a low of $15.35 should the stock experience a downside. Incidentally, analysts’ outlook for the Vodafone Group Plc stock is 1.30 for the next 12 months. The average price target is 34.35% above its last price level and an upside to the estimated low will see the stock gain 5.6% over that period. But an upside of 49.64% will see the stock hit the forecast high price target while mean target price for the stock is $21.85.

The top 3 mutual fund holders in Vodafone Group Plc are Vanguard Windsor Funds – Vanguard, T Rowe Price Overseas Stock Fund, and DFA International Value Series. Vanguard Windsor Funds – Vanguard owns 9.08 million shares of the company’s stock, all valued at over $138.05 million. T Rowe Price Overseas Stock Fund sold 33800.0 shares to see its total holdings shrink to 6.98 million shares valued at over $106.03 million and representing 0.26% of the shares outstanding. DFA International Value Series now owns shares totaling to 0.15% of the shares outstanding.

Shares of Vodafone Group Plc (NASDAQ: VOD) opened at $14.50, down -$0.27 from a prior closing price of $14.77. However, the script later closed the day at $14.49, down -1.90%. The company’s stock has a 5-day price change of -4.61% and -15.46% over the past three months. VOD shares are trading -25.04% year to date (YTD), with the 12-month market performance down to -23.74% lower. It has a 12-month low price of $11.46 and touched a high of $21.72 over the same period. Currently, 4.53 million shares have been traded, compared to an average intraday trading volume of 3.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.73%, -7.58%, and -13.64% respectively.

Institutional ownership of Vodafone Group Plc (NASDAQ: VOD) shares accounts for 8.20% of the company’s 2.70B shares outstanding. Mutual fund holders own 1.82%, while other institutional holders and individual stakeholders account for 6.29% and — respectively.

It has a market capitalization of $39.06B and a beta (3y monthly) value of 0.83. The earnings-per-share (ttm) stands at -$0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.24% over the week and 1.44% over the month.

Analysts forecast that Vodafone Group Plc (VOD) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 80.80%, and -14.00% over the next financial year. EPS should grow at an annualized rate of 18.50% over the next five years, compared to -16.10% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate Vodafone Group Plc (VOD) as a “Strong Buy” at a consensus score of 1.30. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 2 of the 21 advise that investors “hold,” and 1 rated it as a “Sell.”

Looking at the support for the VOD, a number of firms have released research notes about the stock. Standpoint Research stated their Buy rating for the stock in a research note on May 18, 2020, with the firm’s price target at. Goldman coverage for the Vodafone Group Plc (VOD) stock in a research note released on January 16, 2020 offered a Buy rating with a price target of. Exane BNP Paribas was of a view on September 12, 2019 that the stock is Outperform, while Exane BNP Paribas gave the stock Outperform rating on September 11, 2019, issuing a price target of. Morgan Stanley on their part issued Overweight rating on August 07, 2019.


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