Blue Trust Inc. Purchases 11,247 Shares of Telefónica, S.A. (NYSE:TEF)

Blue Trust Inc. increased its stake in shares of Telefónica, S.A. (NYSE:TEFFree Report) by 96.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,894 shares of the utilities provider’s stock after purchasing an additional 11,247 shares during the quarter. Blue Trust Inc.’s holdings in Telefónica were worth $93,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Telefónica by 5.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 52,101 shares of the utilities provider’s stock valued at $212,000 after acquiring an additional 2,837 shares during the period. Raymond James & Associates lifted its stake in Telefónica by 1.2% in the first quarter. Raymond James & Associates now owns 243,816 shares of the utilities provider’s stock worth $1,170,000 after purchasing an additional 2,876 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its position in shares of Telefónica by 26.1% during the second quarter. BNP Paribas Arbitrage SNC now owns 14,008 shares of the utilities provider’s stock valued at $56,000 after buying an additional 2,895 shares during the period. Gitterman Wealth Management LLC grew its stake in shares of Telefónica by 9.3% during the third quarter. Gitterman Wealth Management LLC now owns 35,614 shares of the utilities provider’s stock valued at $145,000 after buying an additional 3,029 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Telefónica by 9.3% in the first quarter. Franklin Resources Inc. now owns 36,272 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 3,092 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Stock Performance

Shares of TEF opened at $4.38 on Thursday. The stock has a fifty day moving average price of $4.13 and a 200-day moving average price of $4.07. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.23. Telefónica, S.A. has a 12 month low of $3.71 and a 12 month high of $4.53. The firm has a market cap of $25.30 billion, a PE ratio of -20.86, a P/E/G ratio of 2.45 and a beta of 0.70.

Telefónica (NYSE:TEFGet Free Report) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $10.93 billion during the quarter, compared to analyst estimates of $12.09 billion. Telefónica had a positive return on equity of 7.38% and a negative net margin of 2.16%. During the same quarter last year, the business posted $0.12 EPS. Equities research analysts predict that Telefónica, S.A. will post 0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

Read Our Latest Research Report on TEF

Telefónica Profile

(Free Report)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as 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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