Mercer Global Advisors Inc. ADV Sells 67,879 Shares of Vodafone Group Public Limited (NASDAQ:VOD)

Mercer Global Advisors Inc. ADV lessened its position in shares of Vodafone Group Public Limited (NASDAQ:VOD - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,113 shares of the cell phone carrier's stock after selling 67,879 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Vodafone Group Public were worth $2,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in Vodafone Group Public in the 4th quarter valued at $256,000. Northern Trust Corp lifted its holdings in shares of Vodafone Group Public by 7.4% during the fourth quarter. Northern Trust Corp now owns 1,784,827 shares of the cell phone carrier's stock worth $15,153,000 after buying an additional 123,012 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Vodafone Group Public in the fourth quarter valued at about $262,000. Two Sigma Securities LLC acquired a new position in shares of Vodafone Group Public in the fourth quarter valued at about $89,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Vodafone Group Public during the fourth quarter worth about $770,000. Institutional investors and hedge funds own 7.84% of the company's stock.

Vodafone Group Public Price Performance

VOD traded up $0.03 during trading on Tuesday, hitting $9.10. 11,130,405 shares of the stock traded hands, compared to its average volume of 7,728,652. The business has a 50 day moving average price of $9.26 and a 200 day moving average price of $8.88. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.34. Vodafone Group Public Limited has a twelve month low of $8.00 and a twelve month high of $10.39. The company has a market cap of $22.72 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 0.66 and a beta of 0.61.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VOD. JPMorgan Chase & Co. restated an "underweight" rating on shares of Vodafone Group Public in a research report on Wednesday, April 23rd. StockNews.com downgraded Vodafone Group Public from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. DZ Bank raised Vodafone Group Public from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Bank of America lowered Vodafone Group Public from a "buy" rating to a "neutral" rating in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Vodafone Group Public Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.