HM Payson & Co. trimmed its holdings in Vodafone Group PLC (NASDAQ:VOD) by 16.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,989 shares of the cell phone carrier’s stock after selling 7,314 shares during the quarter. HM Payson & Co.’s holdings in Vodafone Group PLC were worth $1,053,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VOD. Clear Perspective Advisors LLC boosted its holdings in shares of Vodafone Group PLC by 13.8% in the second quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock valued at $104,000 after acquiring an additional 440 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Vodafone Group PLC by 21.0% in the second quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock valued at $127,000 after acquiring an additional 768 shares during the period. Ropes Wealth Advisors LLC boosted its holdings in shares of Vodafone Group PLC by 387.8% in the second quarter. Ropes Wealth Advisors LLC now owns 4,654 shares of the cell phone carrier’s stock valued at $134,000 after acquiring an additional 3,700 shares during the period. Pacific Center for Financial Services boosted its holdings in shares of Vodafone Group PLC by 9.5% in the second quarter. Pacific Center for Financial Services now owns 5,494 shares of the cell phone carrier’s stock valued at $158,000 after acquiring an additional 476 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in shares of Vodafone Group PLC in the second quarter valued at approximately $161,000. 10.02% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. BidaskClub raised Vodafone Group PLC from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. UBS AG reissued a “buy” rating on shares of Vodafone Group PLC in a report on Monday, October 2nd. Bank of America Corporation raised Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 price objective for the company in a report on Wednesday, August 9th. Zacks Investment Research downgraded Vodafone Group PLC from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Vodafone Group PLC in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $31.52.

Vodafone Group PLC (VOD) traded down $0.32 during trading on Friday, hitting $29.35. The stock had a trading volume of 8,388,700 shares, compared to its average volume of 2,594,682. Vodafone Group PLC has a twelve month low of $24.17 and a twelve month high of $30.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.99.

TRADEMARK VIOLATION NOTICE: This article was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/11/12/vodafone-group-plc-vod-shares-sold-by-hm-payson-co.html.

Vodafone Group PLC Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

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

Receive News & Stock Ratings for Vodafone Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group PLC and related stocks with our FREE daily email newsletter.