GAMMA Investing LLC Raises Position in Telefonica SA (NYSE:TEF)

GAMMA Investing LLC grew its holdings in shares of Telefonica SA (NYSE:TEF - Free Report) by 282.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,649 shares of the utilities provider's stock after acquiring an additional 53,674 shares during the period. GAMMA Investing LLC's holdings in Telefonica were worth $339,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Telefonica by 20.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 36,154 shares of the utilities provider's stock valued at $145,000 after buying an additional 6,100 shares during the period. Forum Financial Management LP grew its stake in Telefonica by 76.3% in the fourth quarter. Forum Financial Management LP now owns 31,214 shares of the utilities provider's stock valued at $125,000 after acquiring an additional 13,508 shares during the period. Point72 Asset Management L.P. grew its stake in Telefonica by 48.5% in the fourth quarter. Point72 Asset Management L.P. now owns 470,200 shares of the utilities provider's stock valued at $1,890,000 after acquiring an additional 153,634 shares during the period. Nia Impact Advisors LLC grew its stake in Telefonica by 11.5% in the fourth quarter. Nia Impact Advisors LLC now owns 982,717 shares of the utilities provider's stock valued at $3,951,000 after acquiring an additional 101,030 shares during the period. Finally, Millennium Management LLC grew its stake in Telefonica by 179.2% in the fourth quarter. Millennium Management LLC now owns 281,932 shares of the utilities provider's stock valued at $1,133,000 after acquiring an additional 180,945 shares during the period. Institutional investors and hedge funds own 1.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TEF. Sanford C. Bernstein initiated coverage on shares of Telefonica in a research report on Tuesday, April 22nd. They issued a "market perform" rating for the company. DZ Bank cut shares of Telefonica from a "hold" rating to a "strong sell" rating in a report on Friday, May 16th. Finally, Wall Street Zen raised Telefonica from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Telefonica presently has an average rating of "Hold".

Telefonica Stock Down 1.1%

Shares of NYSE TEF traded down $0.06 during trading on Friday, hitting $5.17. The stock had a trading volume of 951,516 shares, compared to its average volume of 692,642. Telefonica SA has a 12 month low of $3.89 and a 12 month high of $5.48. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market capitalization of $29.29 billion, a PE ratio of -13.59, a PEG ratio of 0.82 and a beta of 0.46. The firm has a fifty day moving average of $5.09 and a two-hundred day moving average of $4.57.

Telefonica (NYSE:TEF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. The business had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $10.06 billion. Telefonica had a negative net margin of 4.52% and a positive return on equity of 9.30%. As a group, equities research analysts forecast that Telefonica SA will post 0.3 EPS for the current fiscal year.

Telefonica Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, June 18th will be paid a $0.1703 dividend. This represents a yield of 4.5%. The ex-dividend date is Wednesday, June 18th. This is an increase from Telefonica's previous semi-annual dividend of $0.16. Telefonica's dividend payout ratio is -65.79%.

Telefonica 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.