Creative Planning Grows Stake in Telefonica S.A. (NYSE:TEF)

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Creative Planning lifted its position in Telefonica S.A. (NYSE:TEF) by 74.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,772 shares of the utilities provider’s stock after buying an additional 8,446 shares during the period. Creative Planning’s holdings in Telefonica were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in TEF. Morgan Stanley boosted its stake in shares of Telefonica by 62.1% in the 2nd quarter. Morgan Stanley now owns 18,354,264 shares of the utilities provider’s stock worth $152,155,000 after buying an additional 7,032,053 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Telefonica during the second quarter valued at $7,031,000. First Trust Advisors LP lifted its position in Telefonica by 308.3% during the first quarter. First Trust Advisors LP now owns 755,382 shares of the utilities provider’s stock valued at $6,315,000 after purchasing an additional 570,383 shares in the last quarter. Bank of America Corp DE lifted its position in Telefonica by 88.2% during the second quarter. Bank of America Corp DE now owns 960,854 shares of the utilities provider’s stock valued at $7,965,000 after purchasing an additional 450,434 shares in the last quarter. Finally, Hamilton Wealth LLC lifted its position in Telefonica by 105.7% during the third quarter. Hamilton Wealth LLC now owns 772,495 shares of the utilities provider’s stock valued at $5,871,000 after purchasing an additional 396,920 shares in the last quarter. Hedge funds and other institutional investors own 0.93% of the company’s stock.

NYSE:TEF opened at $7.44 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 2.11. The business’s 50-day simple moving average is $7.64 and its two-hundred day simple moving average is $7.72. The stock has a market cap of $38.37 billion, a PE ratio of 7.83, a P/E/G ratio of 1.39 and a beta of 0.73. Telefonica S.A. has a 52 week low of $6.50 and a 52 week high of $9.08.

Telefonica (NYSE:TEF) last posted its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $0.14 EPS for the quarter. The business had revenue of $13.23 billion for the quarter. Telefonica had a return on equity of 14.38% and a net margin of 4.03%. Sell-side analysts anticipate that Telefonica S.A. will post 0.58 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the company. Macquarie upgraded Telefonica from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 3rd. Bank of America downgraded Telefonica from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 13th. ValuEngine upgraded Telefonica from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group downgraded Telefonica from a “buy” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, TheStreet downgraded Telefonica from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $8.50.

Telefonica Company Profile

Telefónica, SA provides mobile and fixed communication services primarily 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 Telefonica (NYSE:TEF)

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