ACR Alpine Capital Research LLC recently announced the acquisition of new stake in Vodafone Group plc ADR (NASDAQ:VOD). The institutional investor has increased its shareholding in the Communication Services company by 1.38% to 18.9 million shares with purchase of 0.26 million shares. This fresh investment now brings its stake to 0.70% valued currently at $174.59 million. In addition, Arrowstreet Capital LP raised its holdings by 6.43 million to 8.61 million shares. And Grantham, Mayo, Van Otterloo & Co has lifted its position by 31.89% or 1.18 million shares – to 4.88 million shares.
With over 8.24 million Vodafone Group plc ADR (VOD) shares trading Monday and a closing price of $8.59 on the day, the dollar volume was approximately $70.74 million. The shares have shown a negative half year performance of -6.22% and its price on 12/11/23 lost nearly -1.60%. Currently, there are 2.71B common shares owned by the public and among those 2.71B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for VOD have a consensus price objective of $12.88. The analysts have set the share’s price value over the next 12 months at a high of $20.55 and a low of $8.54. The average price target is 33.31% above its recent price level and a downside to the estimated low will see the stock lose -0.59% over that period. But an upside of 58.2% will see the stock hit the forecast high price target while median target price for the stock is $11.59.
The top 3 mutual fund holders in Vodafone Group plc ADR are T Rowe Price Overseas Stock Fund, Vanguard Windsor Funds – Vanguard, and ICICI Prudential Value Discovery. T Rowe Price Overseas Stock Fund owns 9.37 million shares of the company’s stock, all valued at over $86.58 million. The company sold 22400.0 shares recently to bring their total holdings to about 0.35% of the shares outstanding. ICICI Prudential Value Discovery now owns shares totaling to 0.27% of the shares outstanding.
Shares of Vodafone Group plc ADR (NASDAQ: VOD) opened at $8.70, down -$0.03 from a prior closing price of $8.73. However, the script later moved the day high at 8.71, down -1.60%. The company’s stock has a 5-day price change of -4.98% and -11.90% over the past three months. VOD shares are trading -15.12% year to date (YTD), with the 12-month market performance down to -18.03% lower. It has a 12-month low price of $8.72 and touched a high of $12.52 over the same period. VOD has an average intraday trading volume of 5.65 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 -5.95%, -7.67%, and -14.15% respectively.
Institutional ownership of Vodafone Group plc ADR (NASDAQ: VOD) shares accounts for 7.90% of the company’s 2.71B shares outstanding. Mutual fund holders own 2.19%, while other institutional holders and individual stakeholders account for 5.74% and — respectively.
It has a market capitalization of $23.26B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 2.17, while the earnings-per-share (ttm) stands at $3.95. The company has a PEG of 0.10 and a Quick Ratio of 0.86 with the debt-to-equity ratio at 1.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.23% over the week and 1.41% over the month.
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 decrease by -36.60%, and 22.41% over the next financial year. EPS should shrink at an annualized rate of 20.90% over the next five years, compared to 35.92% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Vodafone Group plc ADR (VOD) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 5 of the 15 advise that investors “hold,” and 2 rated it as a “Sell.”
