Bank of New York Mellon Corp Sells 310,537 Shares of Vodafone Group Plc (VOD)

Bank of New York Mellon Corp cut its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 23.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,015,430 shares of the cell phone carrier’s stock after selling 310,537 shares during the period. Bank of New York Mellon Corp’s holdings in Vodafone Group were worth $24,687,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of VOD. Fisher Asset Management LLC lifted its position in shares of Vodafone Group by 4.2% in the 2nd quarter. Fisher Asset Management LLC now owns 28,292,890 shares of the cell phone carrier’s stock worth $687,800,000 after purchasing an additional 1,144,581 shares during the period. Wells Fargo & Company MN lifted its position in shares of Vodafone Group by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 7,079,742 shares of the cell phone carrier’s stock worth $172,108,000 after purchasing an additional 21,787 shares during the period. UBS Group AG lifted its position in shares of Vodafone Group by 4.0% in the 1st quarter. UBS Group AG now owns 5,957,179 shares of the cell phone carrier’s stock worth $165,729,000 after purchasing an additional 227,346 shares during the period. ACR Alpine Capital Research LLC lifted its position in shares of Vodafone Group by 14.7% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,777,428 shares of the cell phone carrier’s stock worth $116,140,000 after purchasing an additional 612,039 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Vodafone Group by 7.4% in the 2nd quarter. Jennison Associates LLC now owns 2,904,953 shares of the cell phone carrier’s stock worth $70,619,000 after purchasing an additional 200,672 shares during the period. Institutional investors and hedge funds own 10.08% of the company’s stock.

Vodafone Group stock opened at $22.27 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.97. Vodafone Group Plc has a 12-month low of $21.13 and a 12-month high of $32.75. The firm has a market cap of $58.15 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.74 and a beta of 0.83.

VOD has been the topic of a number of recent analyst reports. Citigroup downgraded shares of Vodafone Group from a “buy” rating to a “neutral” rating in a research report on Thursday, May 17th. Zacks Investment Research upgraded shares of Vodafone Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 19th. BidaskClub downgraded shares of Vodafone Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 20th. Argus dropped their price target on shares of Vodafone Group from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, June 13th. Finally, ValuEngine downgraded shares of Vodafone Group from a “hold” rating to a “sell” rating in a research report on Monday, June 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vodafone Group has a consensus rating of “Buy” and a consensus target price of $33.36.

Vodafone Group Company Profile

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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