Vodafone Group Plc (VOD) Stake Lessened by Boenning & Scattergood Inc.

Boenning & Scattergood Inc. cut its stake in Vodafone Group Plc (NASDAQ:VOD) by 10.5% in the 1st quarter, HoldingsChannel reports. The fund owned 51,806 shares of the cell phone carrier’s stock after selling 6,071 shares during the period. Boenning & Scattergood Inc.’s holdings in Vodafone Group were worth $942,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. lifted its stake in Vodafone Group by 4.4% during the first quarter. Winslow Evans & Crocker Inc. now owns 13,504 shares of the cell phone carrier’s stock valued at $248,000 after purchasing an additional 564 shares during the last quarter. Kistler Tiffany Companies LLC lifted its stake in Vodafone Group by 35.7% during the first quarter. Kistler Tiffany Companies LLC now owns 2,872 shares of the cell phone carrier’s stock valued at $52,000 after purchasing an additional 755 shares during the last quarter. IPG Investment Advisors LLC lifted its stake in Vodafone Group by 5.2% during the fourth quarter. IPG Investment Advisors LLC now owns 16,156 shares of the cell phone carrier’s stock valued at $311,000 after purchasing an additional 800 shares during the last quarter. Diversified Trust Co lifted its stake in Vodafone Group by 10.3% during the third quarter. Diversified Trust Co now owns 9,323 shares of the cell phone carrier’s stock valued at $202,000 after purchasing an additional 874 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Vodafone Group by 27.7% during the fourth quarter. Bessemer Group Inc. now owns 4,062 shares of the cell phone carrier’s stock valued at $78,000 after purchasing an additional 880 shares during the last quarter. Institutional investors and hedge funds own 8.35% of the company’s stock.

Shares of NASDAQ:VOD traded down $0.05 during mid-day trading on Monday, hitting $18.46. The stock had a trading volume of 56,248 shares, compared to its average volume of 3,926,453. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.27 and a current ratio of 1.30. The company has a market cap of $49.39 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. Vodafone Group Plc has a 12-month low of $17.05 and a 12-month high of $30.20.

Several research firms recently commented on VOD. Kepler Capital Markets raised shares of Vodafone Group from a “reduce” rating to a “buy” rating in a research note on Monday, January 28th. Bank of America raised shares of Vodafone Group from a “neutral” rating to a “buy” rating and set a $18.50 target price for the company in a research note on Wednesday, February 6th. Zacks Investment Research downgraded shares of Vodafone Group from a “buy” rating to a “sell” rating in a research report on Friday, April 12th. BidaskClub downgraded shares of Vodafone Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 14th. Finally, Argus reduced their price target on shares of Vodafone Group to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $25.13.

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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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