Tucker Asset Management LLC Acquires Shares of 30,462 Vodafone Group PLC $VOD

Tucker Asset Management LLC bought a new position in Vodafone Group PLC (NASDAQ:VOD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 30,462 shares of the cell phone carrier’s stock, valued at approximately $403,000.

Several other hedge funds have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. raised its position in Vodafone Group by 5.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,671 shares of the cell phone carrier’s stock worth $154,000 after purchasing an additional 653 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in Vodafone Group by 4.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 17,603 shares of the cell phone carrier’s stock valued at $233,000 after buying an additional 713 shares during the last quarter. Assetmark Inc. increased its stake in shares of Vodafone Group by 31.5% in the 1st quarter. Assetmark Inc. now owns 2,992 shares of the cell phone carrier’s stock valued at $45,000 after buying an additional 717 shares during the period. Larson Financial Group LLC raised its position in shares of Vodafone Group by 28.3% during the fourth quarter. Larson Financial Group LLC now owns 3,524 shares of the cell phone carrier’s stock worth $47,000 after acquiring an additional 778 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Vodafone Group by 38.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,435 shares of the cell phone carrier’s stock valued at $40,000 after acquiring an additional 946 shares during the period. 7.84% of the stock is owned by institutional investors.

Vodafone Group Price Performance

Shares of Vodafone Group stock opened at $16.90 on Monday. The business has a fifty day simple moving average of $15.38 and a 200 day simple moving average of $15.18. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Vodafone Group PLC has a 12 month low of $11.12 and a 12 month high of $17.15.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. DZ Bank cut Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. New Street Research upgraded shares of Vodafone Group from a “neutral” rating to a “buy” rating in a research report on Friday, July 10th. Zacks Research lowered shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Bank of America downgraded shares of Vodafone Group from a “neutral” rating to an “underperform” rating and set a $13.13 price target for the company. in a research note on Tuesday, May 26th. Finally, Barclays lowered shares of Vodafone Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Vodafone Group currently has a consensus rating of “Hold” and an average price target of $10.57.

Vodafone Group Profile

Vodafone Group plc is a British multinational telecommunications company headquartered in London. It provides a wide range of communications services to consumer and enterprise customers, including mobile voice and data, fixed-line broadband, cable and pay-TV, and wholesale network services. The company also offers business-oriented solutions such as cloud and hosting, managed networks, unified communications, and Internet of Things (IoT) connectivity and platform services.

Vodafone operates through a combination of wholly owned subsidiaries, joint ventures and partner arrangements across multiple countries, with a particularly large presence in Europe and in several African markets.