WealthTrust Axiom LLC raised its stake in Vodafone Group Plc (NASDAQ:VOD) by 388.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,633 shares of the cell phone carrier’s stock after buying an additional 51,400 shares during the period. WealthTrust Axiom LLC’s holdings in Vodafone Group Plc were worth $1,996,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Genesee Valley Trust Co. increased its stake in Vodafone Group Plc by 2.6% in the second quarter. Genesee Valley Trust Co. now owns 23,444 shares of the cell phone carrier’s stock valued at $724,000 after buying an additional 603 shares in the last quarter. Destination Wealth Management increased its stake in Vodafone Group Plc by 133.3% in the second quarter. Destination Wealth Management now owns 59,191 shares of the cell phone carrier’s stock valued at $1,828,000 after buying an additional 33,824 shares in the last quarter. Bank of Montreal Can acquired a new stake in Vodafone Group Plc during the second quarter valued at $7,020,000. Financial Architects Inc increased its stake in Vodafone Group Plc by 97.8% in the second quarter. Financial Architects Inc now owns 36,242 shares of the cell phone carrier’s stock valued at $1,120,000 after buying an additional 17,918 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its stake in Vodafone Group Plc by 13.2% in the second quarter. Joel Isaacson & Co. LLC now owns 3,662 shares of the cell phone carrier’s stock valued at $113,000 after buying an additional 427 shares in the last quarter.

Vodafone Group Plc (NASDAQ:VOD) traded down 0.80% during trading on Thursday, reaching $29.63. 4,759,020 shares of the company were exchanged. The stock’s market capitalization is $78.69 billion. The company’s 50-day moving average price is $30.59 and its 200-day moving average price is $31.55. Vodafone Group Plc has a 1-year low of $27.92 and a 1-year high of $34.70.

Several analysts have weighed in on the stock. Argus assumed coverage on shares of Vodafone Group Plc in a research note on Tuesday. They issued a “hold” rating for the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Vodafone Group Plc in a research note on Tuesday, September 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Vodafone Group Plc in a research note on Friday, September 2nd. Berenberg Bank reaffirmed a “buy” rating on shares of Vodafone Group Plc in a research note on Sunday, August 14th. Finally, Citigroup Inc. downgraded shares of Vodafone Group Plc from a “buy” rating to a “neutral” rating and set a $30.46 price objective for the company. in a research note on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Vodafone Group Plc currently has a consensus rating of “Buy” and an average target price of $30.52.

Vodafone Group Plc 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.

5 Day Chart for NASDAQ:VOD

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