First Affirmative Financial Network Acquires 3,038 Shares of Telefónica, S.A. (NYSE:TEF)

First Affirmative Financial Network boosted its holdings in Telefónica, S.A. (NYSE:TEF) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,102 shares of the utilities provider’s stock after acquiring an additional 3,038 shares during the quarter. First Affirmative Financial Network’s holdings in Telefónica were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gallacher Capital Management LLC increased its stake in Telefónica by 4.4% in the third quarter. Gallacher Capital Management LLC now owns 79,576 shares of the utilities provider’s stock valued at $324,000 after acquiring an additional 3,390 shares during the period. PNC Financial Services Group Inc. boosted its position in Telefónica by 14.5% in the third quarter. PNC Financial Services Group Inc. now owns 46,301 shares of the utilities provider’s stock valued at $188,000 after buying an additional 5,878 shares in the last quarter. Morningstar Investment Services LLC boosted its position in Telefónica by 6.5% in the third quarter. Morningstar Investment Services LLC now owns 98,474 shares of the utilities provider’s stock valued at $402,000 after buying an additional 6,018 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Telefónica by 1.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 373,929 shares of the utilities provider’s stock valued at $1,459,000 after buying an additional 6,066 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Telefónica by 177.6% in the first quarter. GAMMA Investing LLC now owns 10,897 shares of the utilities provider’s stock valued at $48,000 after buying an additional 6,972 shares in the last quarter. Institutional investors own 1.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TEF shares. StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research report on Saturday, June 8th. Deutsche Bank Aktiengesellschaft lowered shares of Telefónica from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Telefónica Price Performance

Shares of TEF stock opened at $4.31 on Friday. Telefónica, S.A. has a 1 year low of $3.71 and a 1 year high of $4.80. The firm’s 50 day moving average is $4.45 and its 200-day moving average is $4.23. The firm has a market capitalization of $24.78 billion, a price-to-earnings ratio of -26.94 and a beta of 0.70. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

Telefónica (NYSE:TEF) last announced its earnings results on Thursday, May 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Telefónica had a negative net margin of 1.57% and a positive return on equity of 7.84%. The company had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.96 billion. Sell-side analysts forecast that Telefónica, S.A. will post 0.34 EPS for the current fiscal year.

Telefónica Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, July 11th. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.1628 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a dividend yield of 5.2%. Telefónica’s payout ratio is -143.75%.

Telefónica Profile

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.