Vanguard Personalized Indexing Management LLC Purchases 58,061 Shares of Telefonica SA $TEF

Key Points

• Vanguard Personalized Indexing Management LLC increased its position in Telefonica SA by 46.8%, acquiring an additional 58,061 shares during the second quarter, bringing their total holdings to 182,149 shares valued at approximately $953,000.
• Other institutional investors, including Goldman Sachs Group Inc. and Mainstay Capital Management LLC ADV, have also increased their stakes in Telefonica, indicating growing interest in the stock.
• Analysts have mixed ratings on Telefonica, with Berenberg Bank upgrading the stock to a "hold" while Weiss Ratings maintained a "sell" rating, leading to a consensus rating of "Reduce" among analysts.

Vanguard Personalized Indexing Management LLC increased its position in shares of Telefonica SA (NYSE:TEF - Free Report) by 46.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,149 shares of the utilities provider's stock after acquiring an additional 58,061 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Telefonica were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in Telefonica by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,243,236 shares of the utilities provider's stock valued at $29,093,000 after buying an additional 1,065,861 shares in the last quarter. Northern Trust Corp lifted its stake in Telefonica by 0.4% in the first quarter. Northern Trust Corp now owns 3,638,295 shares of the utilities provider's stock valued at $16,954,000 after buying an additional 15,707 shares in the last quarter. American Century Companies Inc. lifted its stake in Telefonica by 4.1% in the first quarter. American Century Companies Inc. now owns 1,487,510 shares of the utilities provider's stock valued at $6,932,000 after buying an additional 57,945 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its stake in Telefonica by 99.5% in the second quarter. Mainstay Capital Management LLC ADV now owns 780,285 shares of the utilities provider's stock valued at $4,081,000 after buying an additional 389,242 shares in the last quarter. Finally, Cerity Partners LLC lifted 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 buying an additional 179,119 shares in the last quarter. Institutional investors own 1.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Berenberg Bank raised shares of Telefonica to a "hold" rating in a research note on Thursday, June 26th. Weiss Ratings reissued a "sell (d)" rating on shares of Telefonica in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Telefonica Stock Performance

Shares of TEF stock opened at $5.20 on Monday. The company's fifty day simple moving average is $5.27 and its 200-day simple moving average is $5.16. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.47. The firm has a market cap of $29.46 billion, a PE ratio of -10.82, a P/E/G ratio of 0.59 and a beta of 0.49. Telefonica SA has a 12 month low of $3.89 and a 12 month high of $5.72.

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

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.

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