HPM Partners LLC boosted its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 28.6% in the fourth quarter, Holdings Channel reports. The fund owned 26,462 shares of the cell phone carrier’s stock after buying an additional 5,893 shares during the quarter. HPM Partners LLC’s holdings in Vodafone Group were worth $844,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Truewealth LLC purchased a new stake in shares of Vodafone Group during the fourth quarter worth about $142,000. Proficio Capital Partners LLC grew its holdings in shares of Vodafone Group by 60.9% during the fourth quarter. Proficio Capital Partners LLC now owns 4,641 shares of the cell phone carrier’s stock worth $148,000 after buying an additional 1,757 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Vodafone Group during the third quarter worth about $151,000. Global Trust Asset Management LLC purchased a new stake in shares of Vodafone Group during the fourth quarter worth about $171,000. Finally, Bank of Nova Scotia Trust Co. purchased a new stake in shares of Vodafone Group during the third quarter worth about $172,000. Institutional investors own 10.92% of the company’s stock.
A number of brokerages have recently commented on VOD. BidaskClub upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Vodafone Group from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Raymond James Financial upgraded shares of Vodafone Group from a “market perform” rating to a “strong-buy” rating in a report on Wednesday, January 17th. Bank of America restated a “buy” rating and issued a $37.26 target price on shares of Vodafone Group in a report on Monday, February 5th. Finally, BNP Paribas upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $28.67 to $28.56 in a report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Vodafone Group currently has a consensus rating of “Buy” and a consensus target price of $32.36.
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About Vodafone Group
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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