Telefónica, S.A. (NYSE:TEF) Shares Sold by SVB Wealth LLC

SVB Wealth LLC reduced its stake in shares of Telefónica, S.A. (NYSE:TEF) by 29.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other institutional investors have also recently modified their holdings of the stock. Barclays PLC raised its position in shares of Telefónica by 52.6% during the 3rd quarter. Barclays PLC now owns 2,952,132 shares of the utilities provider’s stock worth $12,015,000 after purchasing an additional 1,017,590 shares during the last quarter. FMR LLC grew its stake in Telefónica by 5.5% in the 3rd quarter. FMR LLC now owns 1,474,421 shares of the utilities provider’s stock worth $6,001,000 after acquiring an additional 76,410 shares during the period. Stifel Financial Corp grew its stake in Telefónica by 5.8% in the 3rd quarter. Stifel Financial Corp now owns 471,496 shares of the utilities provider’s stock worth $1,919,000 after acquiring an additional 25,733 shares during the period. Natixis Advisors L.P. grew its stake in Telefónica by 44.1% in the 3rd quarter. Natixis Advisors L.P. now owns 365,731 shares of the utilities provider’s stock worth $1,489,000 after acquiring an additional 111,895 shares during the period. Finally, Mainstay Capital Management LLC ADV purchased a new stake in Telefónica in the 4th quarter worth approximately $1,200,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Telefónica Price Performance

TEF stock opened at $4.43 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. Telefónica, S.A. has a one year low of $3.71 and a one year high of $4.53. The company has a 50 day moving average price of $4.20 and a two-hundred day moving average price of $4.09.

Telefónica (NYSE:TEF) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) 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 company had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same period in the previous year, the company earned $0.12 EPS. As a group, sell-side analysts forecast that Telefónica, S.A. will post 0.33 EPS for the current fiscal year.

About Telefónica

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.