PNC Financial Services Group Inc. Lowers Holdings in Vodafone Group Public Limited (NASDAQ:VOD)

PNC Financial Services Group Inc. trimmed its holdings in Vodafone Group Public Limited (NASDAQ:VOD) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 71,393 shares of the cell phone carrier’s stock after selling 6,905 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vodafone Group Public were worth $606,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VOD. ABC Arbitrage SA bought a new stake in Vodafone Group Public in the 4th quarter worth about $22,646,000. JPMorgan Chase & Co. grew its stake in shares of Vodafone Group Public by 177.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after purchasing an additional 2,145,085 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Vodafone Group Public by 749.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,151,935 shares of the cell phone carrier’s stock valued at $18,270,000 after purchasing an additional 1,898,663 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Vodafone Group Public during the 4th quarter valued at about $10,583,000. Finally, Bank of Montreal Can grew its stake in shares of Vodafone Group Public by 12.4% during the 3rd quarter. Bank of Montreal Can now owns 4,277,581 shares of the cell phone carrier’s stock valued at $43,161,000 after purchasing an additional 472,537 shares during the period. 7.84% of the stock is currently owned by institutional investors.

Vodafone Group Public Trading Down 0.2 %

Shares of NASDAQ:VOD opened at $9.84 on Wednesday. The stock has a 50 day moving average of $8.65 and a 200 day moving average of $9.06. The company has a market cap of $23.29 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. Vodafone Group Public Limited has a 12-month low of $8.00 and a 12-month high of $10.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. DZ Bank upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Finally, StockNews.com upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public 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.