Telefónica, S.A. (NYSE:TEF) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Telefónica, S.A. (NYSE:TEF) by 3.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,237,541 shares of the utilities provider’s stock after selling 88,447 shares during the period. Dimensional Fund Advisors LP’s holdings in Telefónica were worth $9,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of TEF. Nia Impact Advisors LLC purchased a new position in shares of Telefónica in the second quarter valued at approximately $3,645,000. QRG Capital Management Inc. raised its holdings in Telefónica by 3.3% in the first quarter. QRG Capital Management Inc. now owns 206,183 shares of the utilities provider’s stock valued at $909,000 after acquiring an additional 6,501 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in Telefónica by 11.4% in the first quarter. 180 Wealth Advisors LLC now owns 39,655 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 4,050 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in Telefónica by 40.9% in the first quarter. Atomi Financial Group Inc. now owns 23,002 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 6,677 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Telefónica by 81.2% in the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock valued at $2,933,000 after acquiring an additional 312,113 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TEF has been the topic of a number of recent research reports. StockNews.com cut shares of Telefónica from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft lowered shares of Telefónica from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America lowered shares of Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Finally, New Street Research lowered shares of Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Telefónica Stock Up 0.4 %

TEF stock opened at $4.77 on Tuesday. Telefónica, S.A. has a twelve month low of $3.71 and a twelve month high of $4.93. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $27.05 billion, a P/E ratio of -29.81 and a beta of 0.67. The firm has a 50 day simple moving average of $4.63 and a 200-day simple moving average of $4.48.

Telefónica (NYSE:TEF) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $11.04 billion for the quarter, compared to analysts’ expectations of $10.85 billion. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. On average, equities research analysts predict that Telefónica, S.A. will post 0.34 earnings per share for the current fiscal year.

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.