First Trust Direct Indexing L.P. Has $1.01 Million Position in Telefónica, S.A. (NYSE:TEF)

First Trust Direct Indexing L.P. lifted its stake in Telefónica, S.A. (NYSE:TEF) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 259,489 shares of the utilities provider’s stock after acquiring an additional 41,662 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Telefónica were worth $1,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AlphaQ Advisors LLC acquired a new position in shares of Telefónica during the 3rd quarter worth approximately $46,000. Trust Point Inc. acquired a new position in Telefónica in the 4th quarter valued at about $48,000. Financial Counselors Inc. bought a new stake in shares of Telefónica during the fourth quarter worth approximately $49,000. Pathstone Family Office LLC bought a new position in shares of Telefónica during the third quarter worth approximately $50,000. Finally, Traveka Wealth LLC bought a new position in shares of Telefónica during the fourth quarter worth approximately $56,000. Institutional investors own 1.14% of the company’s stock.

Telefónica Stock Performance

Telefónica stock opened at $4.56 on Friday. The stock has a market cap of $26.34 billion, a PE ratio of -21.71, a P/E/G ratio of 3.10 and a beta of 0.69. 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 $4.57. The business’s 50-day moving average price is $4.28 and its two-hundred day moving average price is $4.11.

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

Analyst Upgrades and Downgrades

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

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.