Aperio Group LLC increased its stake in shares of Telefonica SA (NYSE:TEF) by 14.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,017,636 shares of the utilities provider’s stock after buying an additional 129,466 shares during the period. Aperio Group LLC’s holdings in Telefonica SA were worth $10,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Ridge Investment Management purchased a new stake in Telefonica SA during the second quarter worth about $114,000. Advisor Group Inc. increased its holdings in Telefonica SA by 3.1% during the second quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after buying an additional 406 shares during the last quarter. Raymond James Trust N.A. increased its holdings in Telefonica SA by 31.9% during the second quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock worth $139,000 after buying an additional 3,252 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Telefonica SA by 0.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after buying an additional 118 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in Telefonica SA by 1.1% during the second quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock worth $149,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 0.92% of the company’s stock.

TEF has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Telefonica SA from a “buy” rating to a “strong-buy” rating in a report on Friday, July 7th. Zacks Investment Research upgraded shares of Telefonica SA from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, July 10th. BidaskClub upgraded shares of Telefonica SA from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Citigroup Inc. restated a “buy” rating on shares of Telefonica SA in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co downgraded shares of Telefonica SA from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Telefonica SA currently has a consensus rating of “Buy” and an average price target of $11.18.

ILLEGAL ACTIVITY WARNING: This report was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://theolympiareport.com/2017/11/02/telefonica-sa-tef-shares-bought-by-aperio-group-llc.html.

Telefonica SA Company Profile

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

Institutional Ownership by Quarter for Telefonica SA (NYSE:TEF)

Receive News & Ratings for Telefonica SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica SA and related companies with Analyst Ratings Network's FREE daily email newsletter.