Sandy Spring Bank raised its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 21.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 15,752 shares of the cell phone carrier’s stock after acquiring an additional 2,752 shares during the period. Sandy Spring Bank’s holdings in Vodafone Group were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of VOD. OLD Second National Bank of Aurora boosted its holdings in shares of Vodafone Group by 277.2% in the 1st quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock worth $25,000 after purchasing an additional 984 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of Vodafone Group by 282.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock valued at $25,000 after acquiring an additional 1,019 shares during the last quarter. Sontag Advisory LLC bought a new stake in shares of Vodafone Group in the 4th quarter valued at about $26,000. Lenox Wealth Management Inc. lifted its stake in shares of Vodafone Group by 168.7% in the 4th quarter. Lenox Wealth Management Inc. now owns 1,814 shares of the cell phone carrier’s stock valued at $35,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC lifted its stake in shares of Vodafone Group by 881.1% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock valued at $40,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 8.11% of the company’s stock.

VOD opened at $16.34 on Wednesday. The company has a market cap of $44.73 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 2.13 and a beta of 0.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.27. Vodafone Group Plc has a one year low of $16.11 and a one year high of $27.21.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Vodafone Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Thursday, March 28th. BidaskClub raised Vodafone Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Argus lowered their price target on Vodafone Group to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Finally, Exane BNP Paribas lowered Vodafone Group from an “outperform” rating to a “neutral” rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.13.

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Vodafone Group Company Profile

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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