SVB Wealth LLC Has $79,000 Stock Position in Telefónica, S.A. (NYSE:TEF)

SVB Wealth LLC decreased its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 29.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,159 shares of the utilities provider’s stock after selling 8,493 shares during the period. SVB Wealth LLC’s holdings in Telefónica were worth $79,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in Telefónica by 5.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 52,101 shares of the utilities provider’s stock valued at $212,000 after buying an additional 2,837 shares during the last quarter. Gitterman Wealth Management LLC grew its stake in Telefónica by 9.3% in the 3rd quarter. Gitterman Wealth Management LLC now owns 35,614 shares of the utilities provider’s stock valued at $145,000 after buying an additional 3,029 shares during the last quarter. Gallacher Capital Management LLC grew its stake in Telefónica by 4.4% in the 3rd quarter. Gallacher Capital Management LLC now owns 79,576 shares of the utilities provider’s stock valued at $324,000 after buying an additional 3,390 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in Telefónica by 12.0% in the 3rd quarter. 180 Wealth Advisors LLC now owns 34,690 shares of the utilities provider’s stock valued at $141,000 after buying an additional 3,709 shares during the last quarter. Finally, Intelligence Driven Advisers LLC grew its stake in Telefónica by 42.7% in the 3rd quarter. Intelligence Driven Advisers LLC now owns 15,750 shares of the utilities provider’s stock valued at $62,000 after buying an additional 4,715 shares during the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Telefónica Stock Performance

NYSE:TEF opened at $4.43 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.85 and a current ratio of 0.89. The firm’s 50-day moving average is $4.20 and its 200-day moving average is $4.09. Telefónica, S.A. has a 52-week low of $3.71 and a 52-week high of $4.53.

Telefónica (NYSE:TEF) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. The business had revenue of $10.93 billion for the quarter, compared to analyst estimates of $12.09 billion. During the same period in the previous year, the business earned $0.12 EPS. As a group, analysts forecast that Telefónica, S.A. will post 0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

Telefónica 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.