Vodafone Group Public Limited (NASDAQ:VOD) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE grew its position in Vodafone Group Public Limited (NASDAQ:VODGet Rating) by 32.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,170,727 shares of the cell phone carrier’s stock after acquiring an additional 3,207,740 shares during the quarter. Bank of America Corp DE owned about 0.47% of Vodafone Group Public worth $218,897,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VOD. BNP Paribas Arbitrage SA lifted its holdings in shares of Vodafone Group Public by 42.2% during the fourth quarter. BNP Paribas Arbitrage SA now owns 99,193 shares of the cell phone carrier’s stock worth $1,481,000 after purchasing an additional 29,413 shares during the period. Bank of Montreal Can lifted its holdings in shares of Vodafone Group Public by 2.4% during the fourth quarter. Bank of Montreal Can now owns 480,150 shares of the cell phone carrier’s stock worth $7,285,000 after purchasing an additional 11,376 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Vodafone Group Public by 138.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,122,158 shares of the cell phone carrier’s stock worth $16,886,000 after purchasing an additional 650,874 shares during the period. Clearstead Advisors LLC acquired a new stake in shares of Vodafone Group Public during the fourth quarter worth $27,000. Finally, Summit Global Investments acquired a new stake in shares of Vodafone Group Public during the fourth quarter worth $3,194,000. 8.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VOD has been the subject of a number of recent analyst reports. Barclays reduced their target price on Vodafone Group Public from GBX 140 ($1.69) to GBX 120 ($1.45) in a report on Friday, September 16th. Morgan Stanley reduced their target price on Vodafone Group Public from GBX 180 ($2.17) to GBX 155 ($1.87) in a report on Wednesday, September 7th. JPMorgan Chase & Co. reduced their target price on Vodafone Group Public from GBX 168 ($2.03) to GBX 165 ($1.99) in a report on Tuesday, July 26th. UBS Group reduced their target price on Vodafone Group Public from GBX 146 ($1.76) to GBX 143 ($1.73) in a report on Tuesday, July 26th. Finally, StockNews.com downgraded Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $158.00.

Vodafone Group Public Trading Down 2.7 %

Vodafone Group Public stock opened at $12.16 on Wednesday. The stock has a 50-day moving average price of $14.16 and a 200 day moving average price of $15.40. Vodafone Group Public Limited has a 52 week low of $12.13 and a 52 week high of $19.05. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 1.02.

Vodafone Group Public Company Profile

(Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

Further Reading

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Institutional Ownership by Quarter for Vodafone Group Public (NASDAQ:VOD)

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