Teachers Advisors LLC lowered its holdings in Vodafone Group Plc (NASDAQ:VOD) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 471,858 shares of the cell phone carrier’s stock after selling 7,700 shares during the period. Teachers Advisors LLC’s holdings in Vodafone Group were worth $15,052,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in VOD. American International Group Inc. grew its position in shares of Vodafone Group by 7.0% in the third quarter. American International Group Inc. now owns 26,250 shares of the cell phone carrier’s stock valued at $747,000 after purchasing an additional 1,709 shares during the period. TD Asset Management Inc. boosted its holdings in Vodafone Group by 9.7% in the third quarter. TD Asset Management Inc. now owns 455,049 shares of the cell phone carrier’s stock valued at $12,951,000 after acquiring an additional 40,338 shares during the last quarter. Trexquant Investment LP acquired a new position in Vodafone Group in the third quarter valued at $550,000. Mckinley Capital Management LLC Delaware acquired a new position in Vodafone Group in the third quarter valued at $1,010,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Vodafone Group by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,630,584 shares of the cell phone carrier’s stock valued at $217,166,000 after acquiring an additional 386,931 shares during the last quarter. 10.92% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on VOD. BidaskClub upgraded Vodafone Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research cut Vodafone Group from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Raymond James Financial upgraded Vodafone Group from a “market perform” rating to a “strong-buy” rating in a report on Wednesday, January 17th. Bank of America reiterated a “buy” rating and issued a $37.26 target price on shares of Vodafone Group in a report on Monday, February 5th. Finally, BNP Paribas upgraded Vodafone Group from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $28.67 to $28.56 in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $31.76.
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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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