Park Avenue Securities LLC bought a new position in Vodafone Group PLC (NASDAQ:VOD) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 9,089 shares of the cell phone carrier’s stock, valued at approximately $261,000.
Other hedge funds have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Vodafone Group PLC by 68.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,862 shares of the cell phone carrier’s stock valued at $102,000 after buying an additional 1,571 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Vodafone Group PLC by 239.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,217 shares of the cell phone carrier’s stock worth $111,000 after buying an additional 2,975 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in Vodafone Group PLC by 4.2% in the first quarter. Winslow Evans & Crocker Inc. now owns 4,956 shares of the cell phone carrier’s stock worth $131,000 after buying an additional 200 shares during the last quarter. Washington Trust Bank increased its stake in Vodafone Group PLC by 26.2% in the first quarter. Washington Trust Bank now owns 5,011 shares of the cell phone carrier’s stock worth $132,000 after buying an additional 1,040 shares during the last quarter. Finally, Pacific Center for Financial Services increased its stake in Vodafone Group PLC by 9.9% in the first quarter. Pacific Center for Financial Services now owns 5,018 shares of the cell phone carrier’s stock worth $133,000 after buying an additional 452 shares during the last quarter. 10.83% of the stock is owned by hedge funds and other institutional investors.
Vodafone Group PLC (NASDAQ VOD) traded down 0.04% on Friday, reaching $28.55. The company had a trading volume of 3,242,459 shares. Vodafone Group PLC has a 12 month low of $24.17 and a 12 month high of $31.67. The company’s 50 day moving average price is $29.19 and its 200-day moving average price is $27.47.
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A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Vodafone Group PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday. Bank of America Corporation raised shares of 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. J P Morgan Chase & Co reissued a “buy” rating on shares of Vodafone Group PLC in a research report on Monday, July 31st. Numis Securities Ltd started coverage on Vodafone Group PLC in a research note on Friday, July 14th. They set an “add” rating on the stock. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Vodafone Group PLC in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $31.64.
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.
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