Janney Montgomery Scott LLC Decreases Holdings in Vodafone Group PLC $VOD

Key Points

• Janney Montgomery Scott LLC has decreased its holdings in Vodafone Group PLC by 3.3% during the second quarter, owning 1,130,838 shares valued at approximately $12,055,000.
• Several institutional investors, including V Square Quantitative Management and Lazari Capital Management, made adjustments to their positions in Vodafone, with notable increases in holdings.
• Vodafone Group stock opened at $11.36 and maintains a market capitalization of $27.39 billion, with a consensus rating of "Reduce" from analysts and a target price of $136.00.

Janney Montgomery Scott LLC trimmed its position in shares of Vodafone Group PLC (NASDAQ:VOD - Free Report) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,130,838 shares of the cell phone carrier's stock after selling 38,561 shares during the period. Janney Montgomery Scott LLC's holdings in Vodafone Group were worth $12,055,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in Vodafone Group in the 2nd quarter worth approximately $25,000. Lazari Capital Management Inc. increased its stake in Vodafone Group by 10.1% in the 2nd quarter. Lazari Capital Management Inc. now owns 32,091 shares of the cell phone carrier's stock worth $342,000 after purchasing an additional 2,948 shares during the period. Signaturefd LLC increased its stake in Vodafone Group by 1.6% in the 2nd quarter. Signaturefd LLC now owns 77,232 shares of the cell phone carrier's stock worth $823,000 after purchasing an additional 1,210 shares during the period. Old Port Advisors increased its stake in Vodafone Group by 6.9% in the 2nd quarter. Old Port Advisors now owns 213,975 shares of the cell phone carrier's stock worth $2,281,000 after purchasing an additional 13,865 shares during the period. Finally, GAMMA Investing LLC increased its stake in Vodafone Group by 49.7% in the 2nd quarter. GAMMA Investing LLC now owns 6,632 shares of the cell phone carrier's stock worth $71,000 after purchasing an additional 2,201 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

Vodafone Group Trading Down 0.5%

Vodafone Group stock opened at $11.36 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The business's fifty day simple moving average is $11.56 and its two-hundred day simple moving average is $10.48. Vodafone Group PLC has a 12 month low of $8.00 and a 12 month high of $12.06. The company has a market capitalization of $27.39 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 0.55 and a beta of 0.62.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Berenberg Bank raised Vodafone Group to a "hold" rating in a research note on Thursday, June 26th. Zacks Research upgraded Vodafone Group to a "hold" rating in a research report on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Vodafone Group in a research report on Saturday, September 27th. Morgan Stanley assumed coverage on Vodafone Group in a research report on Wednesday, July 2nd. They issued an "equal weight" rating on the stock. Finally, The Goldman Sachs Group lowered Vodafone Group from a "neutral" rating to a "sell" rating and set a $136.00 price objective on the stock. in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $136.00.

Vodafone Group Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.

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