Vodafone Group Public Limited (NASDAQ:VOD) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,353,328 shares of the cell phone carrier's stock after selling 1,003,127 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Vodafone Group Public worth $19,980,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Vodafone Group Public by 25.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 157,023 shares of the cell phone carrier's stock worth $1,573,000 after purchasing an additional 31,827 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Vodafone Group Public by 21.3% in the third quarter. HighTower Advisors LLC now owns 407,898 shares of the cell phone carrier's stock valued at $4,086,000 after acquiring an additional 71,695 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Vodafone Group Public by 34.9% in the 3rd quarter. Stifel Financial Corp now owns 778,068 shares of the cell phone carrier's stock valued at $7,796,000 after buying an additional 201,360 shares during the period. Orion Portfolio Solutions LLC grew its holdings in Vodafone Group Public by 18.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,336 shares of the cell phone carrier's stock worth $134,000 after acquiring an additional 2,123 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Vodafone Group Public in the third quarter valued at approximately $127,000. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Public Price Performance

Vodafone Group Public stock traded up $0.15 during midday trading on Wednesday, reaching $9.26. 1,859,766 shares of the company were exchanged, compared to its average volume of 7,000,287. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 0.66 and a beta of 0.58. Vodafone Group Public Limited has a 1 year low of $8.00 and a 1 year high of $10.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. The firm's 50-day simple moving average is $8.94 and its 200-day simple moving average is $8.92.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VOD. Bank of America cut shares of Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. StockNews.com cut shares of Vodafone Group Public from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, DZ Bank upgraded shares of Vodafone Group Public from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average 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.