Dimensional Fund Advisors LP Sells 69,143 Shares of Telefónica, S.A. (NYSE:TEF)

Dimensional Fund Advisors LP trimmed its position in shares of Telefónica, S.A. (NYSE:TEF - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.

Several other institutional investors and hedge funds have also recently modified their holdings of TEF. Carrera Capital Advisors acquired a new stake in shares of Telefónica during the 4th quarter worth approximately $47,000. Callan Family Office LLC bought a new stake in Telefónica in the 4th quarter worth approximately $44,000. Drive Wealth Management LLC bought a new position in shares of Telefónica during the fourth quarter valued at approximately $45,000. Prospect Financial Group LLC purchased a new stake in shares of Telefónica in the fourth quarter worth $45,000. Finally, GeoWealth Management LLC lifted its holdings in shares of Telefónica by 61.2% during the fourth quarter. GeoWealth Management LLC now owns 11,635 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 4,419 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TEF shares. StockNews.com lowered shares of Telefónica from a "buy" rating to a "hold" rating in a report on Wednesday. Sanford C. Bernstein initiated coverage on Telefónica in a research report on Tuesday, April 22nd. They issued a "market perform" rating on the stock. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Telefónica Stock Up 1.2%

TEF traded up $0.06 on Thursday, reaching $4.83. The company's stock had a trading volume of 343,643 shares, compared to its average volume of 697,416. The stock has a market cap of $27.36 billion, a price-to-earnings ratio of -18.56 and a beta of 0.46. Telefónica, S.A. has a 1 year low of $3.89 and a 1 year high of $5.15. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. The business's 50 day moving average is $4.76 and its 200 day moving average is $4.44.

Telefónica (NYSE:TEF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company 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%. As a group, research analysts forecast that Telefónica, S.A. will post 0.3 EPS 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.