Klingenstein Fields & Co. LLC Sells 47,471 Shares of Vodafone Group Plc (VOD)

Klingenstein Fields & Co. LLC lessened its position in shares of Vodafone Group Plc (NASDAQ:VOD) by 34.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,950 shares of the cell phone carrier’s stock after selling 47,471 shares during the quarter. Klingenstein Fields & Co. LLC’s holdings in Vodafone Group were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in VOD. Fisher Asset Management LLC lifted its position in shares of Vodafone Group by 4.2% during the 2nd quarter. Fisher Asset Management LLC now owns 28,292,890 shares of the cell phone carrier’s stock worth $687,800,000 after buying an additional 1,144,581 shares during the period. Wells Fargo & Company MN lifted its position in shares of Vodafone Group by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 7,079,742 shares of the cell phone carrier’s stock worth $172,108,000 after buying an additional 21,787 shares during the period. Renaissance Technologies LLC lifted its position in shares of Vodafone Group by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 6,538,686 shares of the cell phone carrier’s stock worth $158,955,000 after buying an additional 96,686 shares during the period. ACR Alpine Capital Research LLC lifted its position in shares of Vodafone Group by 14.7% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 4,777,428 shares of the cell phone carrier’s stock worth $116,140,000 after buying an additional 612,039 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Vodafone Group by 7.4% during the 2nd quarter. Jennison Associates LLC now owns 2,904,953 shares of the cell phone carrier’s stock worth $70,619,000 after buying an additional 200,672 shares during the period. 10.07% of the stock is currently owned by institutional investors.

VOD traded down $0.11 during trading on Friday, hitting $19.69. The company’s stock had a trading volume of 61,353 shares, compared to its average volume of 8,957,286. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.97. Vodafone Group Plc has a 12 month low of $18.45 and a 12 month high of $32.75. The company has a market cap of $50.31 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.74 and a beta of 0.80.

Several research firms recently commented on VOD. BidaskClub upgraded Vodafone Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 7th. Zacks Investment Research downgraded Vodafone Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. ValuEngine upgraded Vodafone Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. Deutsche Bank restated a “buy” rating on shares of Vodafone Group in a research report on Thursday, July 26th. Finally, Sanford C. Bernstein upgraded Vodafone Group from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Tuesday, September 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Vodafone Group currently has an average rating of “Buy” and a consensus price target of $33.36.

About Vodafone Group

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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