Pennsylvania Trust Co Takes $7.96 Million Position in Vodafone Group Plc (VOD)

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Pennsylvania Trust Co acquired a new position in shares of Vodafone Group Plc (NASDAQ:VOD) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 56,890 shares of the cell phone carrier’s stock, valued at approximately $7,962,000.

A number of other large investors have also recently bought and sold shares of the business. IPG Investment Advisors LLC increased its position in shares of Vodafone Group by 5.2% in the 4th quarter. IPG Investment Advisors LLC now owns 16,156 shares of the cell phone carrier’s stock valued at $311,000 after buying an additional 800 shares in the last quarter. Diversified Trust Co increased its position in shares of Vodafone Group by 10.3% in the 3rd quarter. Diversified Trust Co now owns 9,323 shares of the cell phone carrier’s stock valued at $202,000 after buying an additional 874 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Vodafone Group by 27.7% in the 4th quarter. Bessemer Group Inc. now owns 4,062 shares of the cell phone carrier’s stock valued at $78,000 after buying an additional 880 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Vodafone Group by 4.1% in the 4th quarter. Park Avenue Securities LLC now owns 23,750 shares of the cell phone carrier’s stock valued at $468,000 after buying an additional 928 shares in the last quarter. Finally, Stumpf Capital Management LLC increased its position in shares of Vodafone Group by 1.4% in the 4th quarter. Stumpf Capital Management LLC now owns 73,700 shares of the cell phone carrier’s stock valued at $1,421,000 after buying an additional 1,000 shares in the last quarter. 8.35% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on VOD. Zacks Investment Research cut shares of Vodafone Group from a “buy” rating to a “sell” rating in a research report on Friday, April 12th. Macquarie upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 20th. BidaskClub raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Argus reduced their target price on shares of Vodafone Group to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Finally, Exane BNP Paribas lowered shares of Vodafone Group from an “outperform” rating to a “neutral” rating in a research note on Friday, March 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Vodafone Group presently has an average rating of “Buy” and a consensus target price of $25.13.

Shares of NASDAQ:VOD opened at $18.59 on Wednesday. Vodafone Group Plc has a 52-week low of $17.05 and a 52-week high of $30.20. The stock has a market capitalization of $49.59 billion, a P/E ratio of 13.67, a PEG ratio of 1.81 and a beta of 0.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.27.

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About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Institutional Ownership by Quarter for Vodafone Group (NASDAQ:VOD)

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