OLD Mission Capital LLC Has $1.75 Million Stake in Telefonica SA $TEF

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 increased its stake in shares of Telefonica SA (NYSE:TEF - Free Report) by 54.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,096 shares of the utilities provider's stock after acquiring an additional 132,393 shares during the period. OLD Mission Capital LLC's holdings in Telefonica were worth $1,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its position in shares of Telefonica by 0.5% during the 4th quarter. Stifel Financial Corp now owns 464,198 shares of the utilities provider's stock worth $1,866,000 after purchasing an additional 2,478 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Telefonica by 71.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock valued at $25,000 after buying an additional 2,603 shares during the period. Cromwell Holdings LLC grew its position in Telefonica by 50.4% during the first quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider's stock worth $47,000 after buying an additional 3,361 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Telefonica by 21.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 22,603 shares of the utilities provider's stock worth $105,000 after acquiring an additional 3,924 shares during the period. Finally, Focus Partners Wealth raised its holdings in Telefonica by 34.5% in the 4th quarter. Focus Partners Wealth now owns 21,170 shares of the utilities provider's stock valued at $85,000 after acquiring an additional 5,435 shares in the last quarter. 1.14% of the stock is owned by institutional investors and hedge funds.

Telefonica Trading Up 1.2%

NYSE TEF traded up $0.07 during trading hours on Friday, reaching $5.36. The company's stock had a trading volume of 149,214 shares, compared to its average volume of 678,332. The firm has a fifty day simple moving average of $5.34 and a 200-day simple moving average of $5.02. 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 52 week low of $3.89 and a 52 week high of $5.72. The stock has a market cap of $30.36 billion, a P/E ratio of -11.16, a P/E/G ratio of 0.60 and a beta of 0.56.

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

Analysts Set New Price Targets

Several research firms recently weighed in on TEF. DZ Bank cut shares of Telefonica from a "hold" rating to a "strong sell" rating in a research report on Friday, May 16th. Berenberg Bank raised shares of Telefonica to a "hold" rating in a research note on Thursday, June 26th. Finally, Wall Street Zen upgraded shares of Telefonica from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Four investment 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 currently has a consensus rating of "Reduce".

Telefonica 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.