South Texas Money Management Ltd. raised its stake in shares of Vodafone Group Plc (NASDAQ:VOD) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,043,029 shares of the cell phone carrier’s stock after purchasing an additional 25,715 shares during the period. Vodafone Group makes up approximately 1.5% of South Texas Money Management Ltd.’s portfolio, making the stock its 27th biggest holding. South Texas Money Management Ltd.’s holdings in Vodafone Group were worth $33,273,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its position in shares of Vodafone Group by 21.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock worth $127,000 after buying an additional 768 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Vodafone Group during the 3rd quarter worth approximately $151,000. Global Trust Asset Management LLC bought a new position in shares of Vodafone Group during the 4th quarter worth approximately $171,000. Bank of Nova Scotia Trust Co. bought a new position in shares of Vodafone Group during the 3rd quarter worth approximately $172,000. Finally, KCS Wealth Advisory bought a new position in shares of Vodafone Group during the 4th quarter worth approximately $213,000. Institutional investors and hedge funds own 10.35% of the company’s stock.
Shares of Vodafone Group Plc (NASDAQ:VOD) opened at $28.54 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.96. Vodafone Group Plc has a 1-year low of $24.68 and a 1-year high of $32.75.
Several equities analysts have commented on the stock. BidaskClub raised shares of Vodafone Group from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut shares of Vodafone Group from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Raymond James Financial raised shares of Vodafone Group from a “market perform” rating to a “strong-buy” rating in a research report on Wednesday, January 17th. Bank of America reissued a “buy” rating and set a $37.26 target price on shares of Vodafone Group in a research report on Monday, February 5th. Finally, Barclays raised shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $33.32.
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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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