Telefónica, S.A. (NYSE:TEF) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its position in shares of Telefónica, S.A. (NYSE:TEFGet Rating) by 350.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,320 shares of the utilities provider’s stock after buying an additional 5,695 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Telefónica were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI acquired a new stake in shares of Telefónica during the 4th quarter worth approximately $39,000. UMB Bank N A MO acquired a new stake in shares of Telefónica during the 4th quarter worth approximately $40,000. Roosevelt Investment Group LLC acquired a new stake in shares of Telefónica during the 4th quarter worth approximately $44,000. Pendal Group Ltd acquired a new stake in Telefónica in the 1st quarter valued at approximately $48,000. Finally, Five Oceans Advisors acquired a new position in Telefónica during the first quarter worth $51,000. Institutional investors and hedge funds own 6.25% of the company’s stock.

Telefónica Stock Down 0.5 %

Shares of NYSE TEF opened at $4.33 on Friday. Telefónica, S.A. has a 12-month low of $4.10 and a 12-month high of $5.39. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 1.10. The stock has a market cap of $25.01 billion, a P/E ratio of 54.13, a PEG ratio of 0.88 and a beta of 0.48. The business’s fifty day simple moving average is $4.82 and its 200-day simple moving average is $4.81.

Telefónica (NYSE:TEFGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The utilities provider reported $0.14 earnings per share for the quarter. Telefónica had a return on equity of 6.61% and a net margin of 1.38%. The company had revenue of $10.56 billion for the quarter. As a group, equities analysts predict that Telefónica, S.A. will post 0.32 EPS for the current fiscal year.

Telefónica Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, June 27th. Shareholders of record on Thursday, June 2nd were paid a $0.103 dividend. This represents a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, June 1st. Telefónica’s dividend payout ratio is presently 250.03%.

Analysts Set New Price Targets

TEF has been the subject of several research analyst reports. Barclays lowered their price target on Telefónica from €4.60 ($4.74) to €4.50 ($4.64) in a research report on Thursday, July 14th. JPMorgan Chase & Co. lowered their price target on Telefónica from €4.10 ($4.23) to €3.50 ($3.61) and set an “underweight” rating for the company in a research report on Wednesday, June 29th. StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research report on Thursday, July 7th. Morgan Stanley raised their price target on Telefónica from €4.80 ($4.95) to €5.20 ($5.36) in a research report on Sunday, May 15th. Finally, New Street Research lowered Telefónica from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.44.

About Telefónica

(Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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Institutional Ownership by Quarter for Telefónica (NYSE:TEF)

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