WealthTrust Axiom LLC decreased its stake in shares of Vodafone Group PLC (NASDAQ:VOD) by 3.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 173,105 shares of the cell phone carrier’s stock after selling 5,323 shares during the period. Vodafone Group PLC accounts for about 1.9% of WealthTrust Axiom LLC’s holdings, making the stock its 13th largest position. WealthTrust Axiom LLC’s holdings in Vodafone Group PLC were worth $4,926,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in Vodafone Group PLC by 90.8% during the 2nd quarter. Fisher Asset Management LLC now owns 23,702,619 shares of the cell phone carrier’s stock valued at $680,976,000 after purchasing an additional 11,281,706 shares during the period. BlackRock Inc. boosted its stake in Vodafone Group PLC by 8,534.1% during the 1st quarter. BlackRock Inc. now owns 4,340,342 shares of the cell phone carrier’s stock valued at $114,716,000 after purchasing an additional 4,290,072 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Vodafone Group PLC by 47.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,013,916 shares of the cell phone carrier’s stock valued at $86,590,000 after purchasing an additional 975,277 shares during the period. Jennison Associates LLC boosted its stake in Vodafone Group PLC by 40.5% during the 2nd quarter. Jennison Associates LLC now owns 2,340,445 shares of the cell phone carrier’s stock valued at $67,241,000 after purchasing an additional 674,477 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Vodafone Group PLC by 21.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,244,439 shares of the cell phone carrier’s stock valued at $93,255,000 after purchasing an additional 569,025 shares during the period. 10.02% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group PLC (NASDAQ:VOD) traded up $0.08 during mid-day trading on Monday, reaching $29.18. The company had a trading volume of 911,670 shares, compared to its average volume of 2,397,834. Vodafone Group PLC has a 12-month low of $24.17 and a 12-month high of $30.39. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

VOD has been the subject of a number of research reports. BidaskClub downgraded Vodafone Group PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Vodafone Group PLC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. UBS AG reiterated a “buy” rating on shares of Vodafone Group PLC in a research report on Friday, October 27th. Numis Securities Ltd initiated coverage on Vodafone Group PLC in a research report on Friday, July 14th. They issued an “add” rating for the company. Finally, Bank of America Corporation upgraded Vodafone Group PLC from a “neutral” rating to a “buy” rating and set a $32.56 price objective for the company in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.52.

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About Vodafone Group PLC

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

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