Peoples Financial Services CORP. Cuts Holdings in Vodafone Group PLC $VOD

Peoples Financial Services CORP. cut its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 30.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,253 shares of the cell phone carrier’s stock after selling 11,238 shares during the quarter. Peoples Financial Services CORP.’s holdings in Vodafone Group were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in Vodafone Group by 1.6% during the second 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 last quarter. Old Port Advisors boosted its holdings in Vodafone Group by 6.9% during the second 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 last quarter. GAMMA Investing LLC boosted its holdings in Vodafone Group by 49.7% during the second 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 last quarter. U.S. Capital Wealth Advisors LLC raised its position in Vodafone Group by 9.5% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 19,565 shares of the cell phone carrier’s stock worth $209,000 after acquiring an additional 1,697 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in Vodafone Group in the second quarter worth about $371,000. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VOD. The Goldman Sachs Group lowered shares of 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. Berenberg Bank raised shares of Vodafone Group to a “hold” rating in a research report on Thursday, June 26th. Zacks Research raised shares of Vodafone Group to a “hold” rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley began coverage on shares of Vodafone Group in a research report on Wednesday, July 2nd. They issued an “equal weight” rating on the stock. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $136.00.

Vodafone Group Stock Performance

NASDAQ VOD opened at $11.44 on Monday. The company’s 50 day moving average is $11.55 and its 200-day moving average is $10.43. Vodafone Group PLC has a 12-month low of $8.00 and a 12-month high of $12.06. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.85. The firm has a market cap of $27.58 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.55 and a beta of 0.65.

About Vodafone Group

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.