Vodafone Group PLC (VOD) Position Reduced by Jennison Associates LLC

Jennison Associates LLC trimmed its position in shares of Vodafone Group PLC (NASDAQ:VOD) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,334,527 shares of the cell phone carrier’s stock after selling 5,918 shares during the quarter. Jennison Associates LLC owned about 0.09% of Vodafone Group PLC worth $66,441,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Clear Perspective Advisors LLC boosted its holdings in shares of Vodafone Group PLC by 13.8% during the 2nd 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 last quarter. Advisory Services Network LLC boosted its holdings in shares of Vodafone Group PLC by 21.0% during the 2nd 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 last quarter. Ropes Wealth Advisors LLC boosted its holdings in shares of Vodafone Group PLC by 387.8% during the 2nd 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 last quarter. Pacific Center for Financial Services boosted its holdings in shares of Vodafone Group PLC by 9.5% during the 2nd 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 last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of Vodafone Group PLC during the 2nd quarter valued at about $161,000. 10.00% of the stock is currently owned by institutional investors.

VOD has been the topic of several recent research reports. J P Morgan Chase & Co reiterated a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. Bank of America Corporation upgraded shares of Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 price objective on the stock in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Vodafone Group PLC from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. UBS AG reiterated a “buy” rating on shares of Vodafone Group PLC in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Vodafone Group PLC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.52.

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Shares of Vodafone Group PLC (NASDAQ VOD) opened at $28.85 on Tuesday. Vodafone Group PLC has a one year low of $24.17 and a one year 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.

Vodafone Group PLC Company 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)

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