Vodafone Group Plc (VOD) Shares Sold by First Mercantile Trust Co.

First Mercantile Trust Co. reduced its holdings in shares of Vodafone Group Plc (NASDAQ:VOD) by 10.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 21,726 shares of the cell phone carrier’s stock after selling 2,615 shares during the quarter. First Mercantile Trust Co.’s holdings in Vodafone Group were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. OLD Second National Bank of Aurora boosted its stake in Vodafone Group by 277.2% in the 1st quarter. OLD Second National Bank of Aurora now owns 1,339 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 984 shares during the period. Cornerstone Advisors Inc. boosted its stake in Vodafone Group by 282.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,380 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 1,019 shares during the period. Sontag Advisory LLC bought a new stake in Vodafone Group in the 4th quarter valued at $26,000. Lenox Wealth Management Inc. boosted its stake in Vodafone Group by 168.7% in the 4th quarter. Lenox Wealth Management Inc. now owns 1,814 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,139 shares during the period. Finally, Massey Quick Simon & CO. LLC boosted its stake in Vodafone Group by 881.1% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,227 shares of the cell phone carrier’s stock valued at $40,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 8.11% of the company’s stock.

Shares of VOD opened at $16.06 on Thursday. Vodafone Group Plc has a 12-month low of $16.04 and a 12-month high of $27.10. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $44.73 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.13 and a beta of 0.73.

Several analysts recently issued reports on VOD shares. BidaskClub downgraded Vodafone Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Zacks Investment Research raised Vodafone Group from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Kepler Capital Markets raised Vodafone Group from a “reduce” rating to a “buy” rating in a report on Monday, January 28th. Bank of America raised Vodafone Group from a “neutral” rating to a “buy” rating and set a $18.50 price objective for the company in a report on Wednesday, February 6th. Finally, BNP Paribas reaffirmed a “neutral” rating on shares of Vodafone Group in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $25.13.

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Vodafone Group Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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

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