23,057 Shares in Telefónica, S.A. (NYSE:TEF) Bought by Five Oceans Advisors

Five Oceans Advisors purchased a new stake in Telefónica, S.A. (NYSE:TEF) in the 1st quarter, HoldingsChannel reports. The fund purchased 23,057 shares of the utilities provider’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TEF. Northern Trust Corp raised its holdings in shares of Telefónica by 30.7% in the 4th quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider’s stock worth $14,563,000 after acquiring an additional 851,581 shares during the last quarter. Drum Hill Capital LLC acquired a new position in Telefónica during the 4th quarter valued at about $2,001,000. First Trust Advisors LP increased its holdings in Telefónica by 36.7% during the 4th quarter. First Trust Advisors LP now owns 963,584 shares of the utilities provider’s stock worth $3,874,000 after purchasing an additional 258,489 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Telefónica during the 4th quarter worth approximately $1,022,000. Finally, HighTower Advisors LLC raised its stake in shares of Telefónica by 383.0% in the fourth quarter. HighTower Advisors LLC now owns 259,229 shares of the utilities provider’s stock worth $1,042,000 after purchasing an additional 205,558 shares during the last quarter. Institutional investors own 1.14% of the company’s stock.

Analyst Ratings Changes

TEF has been the topic of several analyst reports. Sanford C. Bernstein started coverage on Telefónica in a research report on Tuesday, April 22nd. They set a “market perform” rating on the stock. Wall Street Zen upgraded Telefónica from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, DZ Bank lowered shares of Telefónica from a “hold” rating to a “strong sell” rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Telefónica Price Performance

Shares of NYSE TEF opened at $5.41 on Tuesday. The company has a market capitalization of $30.65 billion, a PE ratio of -20.79 and a beta of 0.46. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. The stock’s 50 day moving average price is $5.03 and its 200-day moving average price is $4.55. Telefónica, S.A. has a twelve month low of $3.89 and a twelve month high of $5.48.

Telefónica (NYSE:TEF) last posted its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Telefónica had a positive return on equity of 10.10% and a negative net margin of 2.84%. On average, equities analysts anticipate that Telefónica, S.A. will post 0.3 EPS for the current year.

Telefónica Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 18th will be issued a $0.1703 dividend. This is an increase from Telefónica’s previous semi-annual dividend of $0.16. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, June 18th. Telefónica’s payout ratio is -63.16%.

Telefónica Company 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.