Telefónica, S.A. (NYSE:TEF) Stake Increased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in Telefónica, S.A. (NYSE:TEF – Get Rating) by 57.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 632,961 shares of the utilities provider’s stock after buying an additional 230,038 shares during the period. Pacer Advisors Inc.’s holdings in Telefónica were worth $3,038,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TEF. IPG Investment Advisors LLC acquired a new position in Telefónica in the fourth quarter worth $21,435,000. Penserra Capital Management LLC boosted its holdings in Telefónica by 30.4% in the fourth quarter. Penserra Capital Management LLC now owns 2,291,160 shares of the utilities provider’s stock worth $9,714,000 after purchasing an additional 534,417 shares during the period. Northern Trust Corp boosted its holdings in Telefónica by 5.6% in the fourth quarter. Northern Trust Corp now owns 2,284,304 shares of the utilities provider’s stock worth $9,685,000 after purchasing an additional 120,199 shares during the period. CIBC World Markets Inc. boosted its holdings in Telefónica by 2.8% in the fourth quarter. CIBC World Markets Inc. now owns 1,228,679 shares of the utilities provider’s stock worth $5,210,000 after purchasing an additional 32,989 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Telefónica by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 708,863 shares of the utilities provider’s stock worth $3,006,000 after purchasing an additional 31,011 shares during the period. Institutional investors and hedge funds own 6.25% of the company’s stock.

Shares of NYSE TEF opened at $5.01 on Friday. Telefónica, S.A. has a fifty-two week low of $4.10 and a fifty-two week high of $5.39. The firm’s 50-day simple moving average is $4.98 and its 200 day simple moving average is $4.72. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.03. The stock has a market cap of $28.95 billion, a P/E ratio of 2.98, a P/E/G ratio of 1.00 and a beta of 0.60.

Telefónica (NYSE:TEF – Get Rating) last issued its quarterly earnings data on Thursday, May 12th. The utilities provider reported $0.14 earnings per share for the quarter. Telefónica had a net margin of 21.49% and a return on equity of 6.95%. The business had revenue of $10.56 billion for the quarter. On average, sell-side analysts anticipate that Telefónica, S.A. will post 0.3 earnings per share for the current fiscal year.

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 27th. Investors of record on Thursday, June 2nd will be paid a dividend of $0.103 per share. This represents a dividend yield of 4.05%. The ex-dividend date of this dividend is Wednesday, June 1st. Telefónica’s dividend payout ratio is currently 12.50%.

A number of research firms have commented on TEF. Barclays decreased their price objective on shares of Telefónica from €4.20 ($4.42) to €4.00 ($4.21) in a report on Friday, April 1st. New Street Research downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a report on Tuesday, April 19th. Credit Suisse Group reduced their price target on shares of Telefónica from €4.80 ($5.05) to €4.68 ($4.93) and set a “neutral” rating for the company in a report on Monday, May 23rd. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. Finally, Morgan Stanley boosted their price target on shares of Telefónica from €4.80 ($5.05) to €5.20 ($5.47) in a report on Sunday, May 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Telefónica presently has a consensus rating of “Hold” and a consensus target price of $4.46.

Telefónica Profile (Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services 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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