Ledyard National Bank trimmed its position in shares of Vodafone Group Plc (NASDAQ:VOD) by 80.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,632 shares of the cell phone carrier’s stock after selling 79,156 shares during the period. Ledyard National Bank’s holdings in Vodafone Group were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC increased its holdings in Vodafone Group by 68.0% in the third quarter. Renaissance Technologies LLC now owns 10,987,256 shares of the cell phone carrier’s stock valued at $238,423,000 after buying an additional 4,448,570 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Vodafone Group by 4.9% in the 3rd quarter. Federated Investors Inc. PA now owns 7,414,509 shares of the cell phone carrier’s stock valued at $160,894,000 after buying an additional 343,108 shares in the last quarter. ACR Alpine Capital Research LLC lifted its holdings in shares of Vodafone Group by 41.8% during the third quarter. ACR Alpine Capital Research LLC now owns 6,772,359 shares of the cell phone carrier’s stock worth $146,960,000 after buying an additional 1,994,931 shares during the last quarter. Sound Shore Management Inc. CT grew its holdings in shares of Vodafone Group by 20.1% during the third quarter. Sound Shore Management Inc. CT now owns 6,071,825 shares of the cell phone carrier’s stock worth $131,759,000 after purchasing an additional 1,016,176 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Vodafone Group by 39.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 2,406,409 shares of the cell phone carrier’s stock worth $52,219,000 after buying an additional 677,202 shares during the last quarter. Institutional investors own 8.64% of the company’s stock.
VOD has been the topic of a number of analyst reports. Kepler Capital Markets upgraded Vodafone Group from a “reduce” rating to a “buy” rating in a research report on Monday, January 28th. Bank of America upgraded Vodafone Group from a “neutral” rating to a “buy” rating and set a $18.50 price objective on the stock in a report on Wednesday, February 6th. BidaskClub raised Vodafone Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 15th. Zacks Investment Research lowered shares of Vodafone Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Finally, Gabelli reiterated a “buy” rating on shares of Vodafone Group in a research note on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $29.61.
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Vodafone Group Company Profile
Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.
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