Wade G W & Inc. grew its stake in Vodafone Group Plc (NASDAQ:VOD) by 1.1% in the fourth quarter, Holdings Channel reports. The fund owned 438,252 shares of the cell phone carrier’s stock after acquiring an additional 4,626 shares during the period. Vodafone Group makes up 1.6% of Wade G W & Inc.’s investment portfolio, making the stock its 19th largest position. Wade G W & Inc.’s holdings in Vodafone Group were worth $13,980,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in VOD. Carnegie Capital Asset Management LLC grew its position in shares of Vodafone Group by 19.6% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 41,640 shares of the cell phone carrier’s stock valued at $1,224,000 after purchasing an additional 6,820 shares during the period. King Luther Capital Management Corp acquired a new position in shares of Vodafone Group in the 4th quarter valued at approximately $1,927,000. BancorpSouth Bank acquired a new position in shares of Vodafone Group in the 4th quarter valued at approximately $473,000. RiverPoint Capital Management LLC acquired a new position in shares of Vodafone Group in the 4th quarter valued at approximately $403,000. Finally, RDL Financial Inc. acquired a new position in shares of Vodafone Group in the 4th quarter valued at approximately $237,000. 10.35% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on VOD shares. Zacks Investment Research raised Vodafone Group from a “sell” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Friday, November 17th. BidaskClub downgraded Vodafone Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Numis Securities raised Vodafone Group from an “add” rating to a “buy” rating in a research report on Monday, February 5th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Thursday, November 23rd. Finally, Barclays raised Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.32.
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Vodafone Group 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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