Dimensional Fund Advisors LP Has $8.30 Million Stake in Telefónica, S.A. (NYSE:TEF)

Dimensional Fund Advisors LP reduced its stake in Telefónica, S.A. (NYSE:TEF - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,064,469 shares of the utilities provider's stock after selling 69,143 shares during the period. Dimensional Fund Advisors LP's holdings in Telefónica were worth $8,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Telefónica by 18.3% in the 4th quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider's stock valued at $76,000 after purchasing an additional 2,936 shares during the last quarter. Gitterman Wealth Management LLC lifted its stake in shares of Telefónica by 8.5% in the 4th quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider's stock valued at $166,000 after acquiring an additional 3,246 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in Telefónica by 0.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider's stock worth $1,573,000 after acquiring an additional 3,500 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Telefónica by 0.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider's stock worth $1,600,000 after acquiring an additional 3,688 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in Telefónica by 7.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 58,218 shares of the utilities provider's stock worth $234,000 after purchasing an additional 3,902 shares in the last quarter. 1.14% of the stock is owned by institutional investors.

Telefónica Stock Up 0.2 %

Telefónica stock opened at $4.98 on Friday. The firm has a 50 day moving average price of $4.73 and a two-hundred day moving average price of $4.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. Telefónica, S.A. has a 52-week low of $3.89 and a 52-week high of $5.15. The firm has a market cap of $28.24 billion, a price-to-earnings ratio of -19.15 and a beta of 0.46.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Sanford C. Bernstein initiated coverage on Telefónica in a research note on Tuesday, April 22nd. They issued a "market perform" rating for the company. StockNews.com raised shares of Telefónica from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Telefónica currently has a consensus rating of "Hold".

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.

Want to see what other hedge funds are holding TEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telefónica, S.A. (NYSE:TEF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.