Ironsides Asset Advisors LLC Acquires New Position in Vodafone Group PLC (VOD)

Ironsides Asset Advisors LLC acquired 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 acquired 11,478 shares of the cell phone carrier’s stock, valued at approximately $330,000.

A number of other large investors have also recently made changes to their positions in VOD. State Street Corp increased its stake in shares of Vodafone Group PLC by 6.8% in the fourth quarter. State Street Corp now owns 162,766 shares of the cell phone carrier’s stock worth $3,975,000 after buying an additional 10,302 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Vodafone Group PLC by 21.7% in the first quarter. Bank of Montreal Can now owns 337,808 shares of the cell phone carrier’s stock worth $8,928,000 after buying an additional 60,341 shares during the last quarter. First Manhattan Co. increased its stake in shares of Vodafone Group PLC by 9.4% in the first quarter. First Manhattan Co. now owns 36,897 shares of the cell phone carrier’s stock worth $1,075,000 after buying an additional 3,166 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Vodafone Group PLC during the first quarter worth about $431,000. Finally, Fisher Asset Management LLC purchased a new stake in shares of Vodafone Group PLC during the first quarter worth about $328,285,000. Hedge funds and other institutional investors own 10.83% of the company’s stock.

Vodafone Group PLC (VOD) traded down 0.538% on Wednesday, hitting $28.655. 424,690 shares of the stock were exchanged. The company’s market capitalization is $76.29 billion. Vodafone Group PLC has a 52-week low of $24.17 and a 52-week high of $31.67.

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VOD has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Vodafone Group PLC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Barclays PLC downgraded shares of Vodafone Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 19th. Sanford C. Bernstein upgraded shares of Vodafone Group PLC from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 30th. Standpoint Research downgraded shares of Vodafone Group PLC from an “accumulate” rating to a “reduce” rating and set a $30.00 price objective on the stock. in a research note on Thursday, June 1st. Finally, BidaskClub downgraded shares of Vodafone Group PLC from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Vodafone Group PLC presently has a consensus rating of “Buy” and an average price target 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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