Janney Montgomery Scott LLC raised its position in Vodafone Group Plc (NASDAQ:VOD) by 5.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 574,121 shares of the cell phone carrier’s stock after buying an additional 30,392 shares during the period. Janney Montgomery Scott LLC’s holdings in Vodafone Group were worth $12,458,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VOD. Oppenheimer Asset Management Inc. increased its stake in shares of 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 purchasing an additional 677,202 shares in the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of Vodafone Group by 14.7% during the second quarter. ACR Alpine Capital Research LLC now owns 4,777,428 shares of the cell phone carrier’s stock worth $116,140,000 after purchasing an additional 612,039 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Vodafone Group during the second quarter worth about $10,978,000. Stephens Inc. AR purchased a new stake in shares of Vodafone Group during the second quarter worth about $8,718,000. Finally, Bank of Montreal Can increased its stake in shares of Vodafone Group by 38.3% during the second quarter. Bank of Montreal Can now owns 1,146,732 shares of the cell phone carrier’s stock worth $27,877,000 after purchasing an additional 317,607 shares in the last quarter. 9.70% of the stock is owned by institutional investors.
A number of analysts have recently commented on VOD shares. Deutsche Bank reissued a “buy” rating on shares of Vodafone Group in a research note on Thursday, July 26th. UBS Group reissued a “buy” rating on shares of Vodafone Group in a research note on Tuesday, August 7th. Citigroup raised shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research note on Thursday, September 6th. Standpoint Research raised shares of Vodafone Group from a “reduce” rating to a “buy” rating in a research note on Tuesday, September 11th. Finally, Zacks Investment Research raised shares of Vodafone Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $33.36.
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About Vodafone Group
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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