Pacer Advisors Inc. Has $3.04 Million Holdings in Telefónica, S.A. (NYSE:TEF)

Pacer Advisors Inc. boosted its stake in shares of Telefónica, S.A. (NYSE:TEFGet Rating) by 57.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 632,961 shares of the utilities provider’s stock after purchasing an additional 230,038 shares during the quarter. Pacer Advisors Inc.’s holdings in Telefónica were worth $3,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. IPG Investment Advisors LLC acquired a new stake in Telefónica during the 4th quarter worth about $21,435,000. Penserra Capital Management LLC grew its stake in Telefónica by 30.4% during the 4th quarter. Penserra Capital Management LLC now owns 2,291,160 shares of the utilities provider’s stock valued at $9,714,000 after acquiring an additional 534,417 shares in the last quarter. Northern Trust Corp grew its stake in Telefónica by 5.6% during the 4th quarter. Northern Trust Corp now owns 2,284,304 shares of the utilities provider’s stock valued at $9,685,000 after acquiring an additional 120,199 shares in the last quarter. CIBC World Markets Inc. grew its stake in Telefónica by 2.8% during the 4th quarter. CIBC World Markets Inc. now owns 1,228,679 shares of the utilities provider’s stock valued at $5,210,000 after acquiring an additional 32,989 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Telefónica by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 708,863 shares of the utilities provider’s stock valued at $3,006,000 after acquiring an additional 31,011 shares in the last quarter. Hedge funds and other institutional investors own 6.25% of the company’s stock.

Several equities analysts have weighed in on TEF shares. JPMorgan Chase & Co. lowered their target price on Telefónica from €4.30 ($4.53) to €4.10 ($4.32) and set an “underweight” rating on the stock in a research note on Tuesday, May 3rd. New Street Research cut Telefónica from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 19th. Credit Suisse Group lowered their target price on Telefónica from €4.80 ($5.05) to €4.68 ($4.93) and set a “neutral” rating on the stock in a research note on Monday, May 23rd. Barclays lowered their price target on Telefónica from €4.20 ($4.42) to €4.00 ($4.21) in a research note on Friday, April 1st. Finally, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Telefónica currently has an average rating of “Hold” and a consensus price target of $4.46.

Shares of NYSE TEF opened at $5.01 on Friday. The stock has a market cap of $28.95 billion, a price-to-earnings ratio of 2.98, a PEG ratio of 1.00 and a beta of 0.60. The business has a 50 day simple moving average of $4.98 and a 200 day simple moving average of $4.72. Telefónica, S.A. has a 52 week low of $4.10 and a 52 week high of $5.39. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.83 and a current ratio of 0.89.

Telefónica (NYSE:TEFGet Rating) last announced its earnings results on Thursday, May 12th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $10.56 billion during the quarter. Telefónica had a return on equity of 6.95% and a net margin of 21.49%. On average, analysts predict that Telefónica, S.A. will post 0.3 EPS for the current year.

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 27th. Shareholders of record on Thursday, June 2nd will be given a dividend of $0.103 per share. The ex-dividend date is Wednesday, June 1st. This represents a yield of 4.05%. Telefónica’s payout ratio is currently 12.50%.

Telefónica Profile (Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

Further Reading

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Institutional Ownership by Quarter for Telefónica (NYSE:TEF)

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