Telefonica SA $TEF Shares Acquired by OLD Mission Capital LLC

Key Points

• OLD Mission Capital LLC has increased its stake in Telefonica SA by 54.5%, now owning 375,096 shares worth approximately $1.75 million.
• Telefonica's recent **quarterly earnings** showed an EPS of $0.08, matching analysts' expectations, while the company's revenue significantly exceeded estimates at $10.28 billion.
• Telefonica has announced a **dividend increase**, paying a semi-annual dividend of $0.1703 per share, up from $0.16, which reflects a dividend yield of 450.0%.

OLD Mission Capital LLC grew its holdings in Telefonica SA (NYSE:TEF - Free Report) by 54.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 375,096 shares of the utilities provider's stock after purchasing an additional 132,393 shares during the quarter. OLD Mission Capital LLC's holdings in Telefonica were worth $1,748,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TEF. Northern Trust Corp lifted its stake in Telefonica by 30.7% in the 4th quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider's stock valued at $14,563,000 after acquiring an additional 851,581 shares in the last quarter. First Trust Advisors LP boosted its position in Telefonica by 36.7% during the fourth quarter. First Trust Advisors LP now owns 963,584 shares of the utilities provider's stock worth $3,874,000 after purchasing an additional 258,489 shares during the period. Raymond James Financial Inc. bought a new position in Telefonica in the 4th quarter valued at about $1,022,000. Millennium Management LLC boosted its position in shares of 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. Finally, Cerity Partners LLC raised its stake in Telefonica by 65.0% in the first quarter. Cerity Partners LLC now owns 454,853 shares of the utilities provider's stock valued at $2,120,000 after purchasing an additional 179,119 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Stock Performance

Telefonica stock traded down $0.10 during mid-day trading on Wednesday, reaching $5.27. 391,776 shares of the stock traded hands, compared to its average volume of 682,521. The stock has a market capitalization of $29.85 billion, a PE ratio of -10.97, a price-to-earnings-growth ratio of 0.61 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.81. Telefonica SA has a 12-month low of $3.89 and a 12-month high of $5.72. The business's 50-day moving average is $5.33 and its 200-day moving average is $5.01.

Telefonica (NYSE:TEF - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%.The firm had revenue of $10.28 billion during the quarter, compared to analyst estimates of $9.03 billion. As a group, sell-side analysts predict that Telefonica SA will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. DZ Bank lowered Telefonica from a "hold" rating to a "strong sell" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Telefonica from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Berenberg Bank upgraded Telefonica to a "hold" rating in a research report on Thursday, June 26th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Telefonica presently has an average rating of "Reduce".

About Telefonica

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.