Callan Family Office LLC Acquires New Position in Telefonica SA $TEF

Callan Family Office LLC acquired a new stake in shares of Telefonica SA (NYSE:TEF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,939 shares of the utilities provider’s stock, valued at approximately $272,000.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of Telefonica by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,243,236 shares of the utilities provider’s stock worth $29,093,000 after purchasing an additional 1,065,861 shares during the last quarter. Mainstay Capital Management LLC ADV grew its stake in shares of Telefonica by 99.5% in the second quarter. Mainstay Capital Management LLC ADV now owns 780,285 shares of the utilities provider’s stock worth $4,081,000 after purchasing an additional 389,242 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Telefonica by 65.0% in the first quarter. Cerity Partners LLC now owns 454,853 shares of the utilities provider’s stock worth $2,120,000 after purchasing an additional 179,119 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Telefonica by 340.2% in the first quarter. Cubist Systematic Strategies LLC now owns 206,150 shares of the utilities provider’s stock worth $961,000 after purchasing an additional 159,319 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Telefonica by 83.7% during the 1st quarter. Jane Street Group LLC now owns 292,957 shares of the utilities provider’s stock valued at $1,365,000 after acquiring an additional 133,509 shares in the last quarter. 1.14% of the stock is owned by hedge funds and other institutional investors.

Telefonica Price Performance

Shares of NYSE TEF opened at $5.16 on Friday. Telefonica SA has a twelve month low of $3.89 and a twelve month high of $5.72. The firm has a market cap of $29.26 billion, a P/E ratio of -10.75, a PEG ratio of 0.58 and a beta of 0.49. The company has a 50 day moving average of $5.27 and a 200 day moving average of $5.15. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.47.

Telefonica (NYSE:TEF) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $10.28 billion during the quarter, compared to analyst estimates of $9.03 billion. Telefonica had a negative net margin of 5.88% and a positive return on equity of 8.57%. As a group, research analysts expect that Telefonica SA will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Berenberg Bank raised Telefonica to a “hold” rating in a research report on Thursday, June 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telefonica in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Telefonica 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.