Greenleaf Trust Buys 7,538 Shares of Telefónica, S.A. (NYSE:TEF)

Greenleaf Trust lifted its stake in Telefónica, S.A. (NYSE:TEF) by 9.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,502 shares of the utilities provider’s stock after acquiring an additional 7,538 shares during the period. Greenleaf Trust’s holdings in Telefónica were worth $330,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mainstay Capital Management LLC ADV bought a new position in shares of Telefónica in the 4th quarter valued at approximately $1,200,000. Financial Counselors Inc. bought a new position in shares of Telefónica in the 4th quarter valued at approximately $49,000. HighTower Advisors LLC raised its stake in shares of Telefónica by 37.1% in the 3rd quarter. HighTower Advisors LLC now owns 211,030 shares of the utilities provider’s stock valued at $860,000 after acquiring an additional 57,061 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Telefónica by 9.8% in the 4th quarter. Ballentine Partners LLC now owns 128,194 shares of the utilities provider’s stock valued at $500,000 after acquiring an additional 11,429 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new position in shares of Telefónica in the 3rd quarter valued at approximately $50,000. 1.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Telefónica Stock Performance

TEF opened at $4.43 on Wednesday. The stock’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $4.09. 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 12-month low of $3.71 and a 12-month high of $4.53.

Telefónica (NYSE:TEF) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $10.93 billion for the quarter, compared to analyst estimates of $12.09 billion. Telefónica had a positive return on equity of 7.38% and a negative net margin of 2.16%. During the same quarter last year, the firm posted $0.12 EPS. Sell-side analysts predict that Telefónica, S.A. will post 0.33 earnings per share for the current year.

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.