Macquarie Group Ltd. Sells 32,521 Shares of Telefonica SA (TEF)

Macquarie Group Ltd. reduced its stake in shares of Telefonica SA (NYSE:TEF) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,718,229 shares of the utilities provider’s stock after selling 32,521 shares during the period. Macquarie Group Ltd. owned 0.13% of Telefonica worth $72,490,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TEF. Arrowstreet Capital Limited Partnership grew its position in shares of Telefonica by 244.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,234,111 shares of the utilities provider’s stock worth $54,382,000 after buying an additional 3,713,751 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Telefonica by 7.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,868,884 shares of the utilities provider’s stock worth $19,418,000 after purchasing an additional 130,157 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Telefonica by 21.0% in the second quarter. Parametric Portfolio Associates LLC now owns 1,502,523 shares of the utilities provider’s stock worth $15,611,000 after purchasing an additional 260,372 shares during the period. Aperio Group LLC boosted its holdings in Telefonica by 14.6% in the third quarter. Aperio Group LLC now owns 1,017,636 shares of the utilities provider’s stock worth $10,980,000 after purchasing an additional 129,466 shares during the period. Finally, Morgan Stanley boosted its holdings in Telefonica by 18.1% in the first quarter. Morgan Stanley now owns 774,342 shares of the utilities provider’s stock worth $8,666,000 after purchasing an additional 118,762 shares during the period. Institutional investors and hedge funds own 0.92% of the company’s stock.

Telefonica SA (NYSE TEF) traded down $0.16 during mid-day trading on Monday, reaching $10.07. The company’s stock had a trading volume of 1,490,609 shares, compared to its average volume of 1,313,817. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.67 and a quick ratio of 0.62. The company has a market capitalization of $52,030.00, a PE ratio of 6.02 and a beta of 1.28. Telefonica SA has a 12 month low of $8.24 and a 12 month high of $11.64.

The business also recently announced a semiannual dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be paid a $0.2383 dividend. This represents a yield of 4.67%. The ex-dividend date of this dividend is Tuesday, December 12th. Telefonica’s payout ratio is 34.69%.

A number of equities analysts have commented on the stock. J P Morgan Chase & Co downgraded shares of Telefonica from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 5th. Barclays raised shares of Telefonica from an “underweight” rating to an “equal weight” rating in a report on Friday, October 20th. BidaskClub downgraded shares of Telefonica from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine downgraded shares of Telefonica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Telefonica in a report on Monday, September 4th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $11.70.

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Telefonica 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 (NYSE:TEF)

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