BlackRock Inc. lessened its stake in Vodafone Group PLC (NASDAQ:VOD) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,179,327 shares of the cell phone carrier’s stock after selling 161,015 shares during the quarter. BlackRock Inc. owned about 0.16% of Vodafone Group PLC worth $120,073,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of VOD. Vantage Financial Partners Ltd. Inc. acquired a new stake in Vodafone Group PLC during the second quarter worth $579,000. Pacific Center for Financial Services increased its stake in Vodafone Group PLC by 9.9% during the first quarter. Pacific Center for Financial Services now owns 5,018 shares of the cell phone carrier’s stock worth $133,000 after acquiring an additional 452 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in Vodafone Group PLC during the first quarter worth $147,000. Pacer Advisors Inc. acquired a new stake in Vodafone Group PLC during the second quarter worth $161,000. Finally, AT Bancorp acquired a new stake in Vodafone Group PLC during the second quarter worth $175,000. 9.98% of the stock is owned by hedge funds and other institutional investors.
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Several research analysts have recently commented on VOD shares. BidaskClub upgraded Vodafone Group PLC from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. UBS AG restated a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, October 2nd. Bank of America Corporation upgraded Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 price target for the company in a research report on Wednesday, August 9th. Zacks Investment Research lowered Vodafone Group PLC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.52.
Shares of Vodafone Group PLC (VOD) opened at 28.68 on Friday. Vodafone Group PLC has a 1-year low of $24.17 and a 1-year high of $30.39. The firm has a 50-day moving average price of $28.63 and a 200-day moving average price of $28.51. The firm’s market capitalization is $76.35 billion.
Vodafone Group PLC 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.
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