Tucker Asset Management LLC Buys Shares of 30,462 Vodafone Group PLC $VOD

Tucker Asset Management LLC bought a new position in Vodafone Group PLC (NASDAQ:VOD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,462 shares of the cell phone carrier’s stock, valued at approximately $403,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Vodafone Group by 9,637.5% in the fourth quarter. Bank of New York Mellon Corp now owns 8,902,486 shares of the cell phone carrier’s stock valued at $117,602,000 after buying an additional 8,811,061 shares in the last quarter. SALT Holding Corp. increased its position in shares of Vodafone Group by 3,039.6% during the second quarter. SALT Holding Corp. now owns 3,623,500 shares of the cell phone carrier’s stock worth $38,627,000 after acquiring an additional 3,508,086 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Vodafone Group by 282.5% during the second quarter. BNP Paribas Financial Markets now owns 3,161,978 shares of the cell phone carrier’s stock worth $33,707,000 after acquiring an additional 2,335,306 shares during the period. Jump Financial LLC lifted its position in Vodafone Group by 6,354.9% in the 3rd quarter. Jump Financial LLC now owns 1,345,455 shares of the cell phone carrier’s stock valued at $15,607,000 after acquiring an additional 1,324,611 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Vodafone Group by 235.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,548,454 shares of the cell phone carrier’s stock valued at $16,507,000 after acquiring an additional 1,086,405 shares in the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Price Performance

VOD stock opened at $16.90 on Monday. Vodafone Group PLC has a twelve month low of $11.12 and a twelve month high of $17.15. The business has a 50 day moving average price of $15.38 and a two-hundred day moving average price of $15.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

VOD has been the subject of a number of research reports. Zacks Research cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. DZ Bank downgraded Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Bank of America lowered Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 target price on the stock. in a research report on Tuesday, May 26th. The Goldman Sachs Group raised Vodafone Group from a “sell” rating to a “buy” rating in a research report on Friday. Finally, Wall Street Zen cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research note on Sunday. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Vodafone Group currently has an average rating of “Hold” and an average price target of $10.57.

About Vodafone Group

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.