Jane Street Group LLC increased its position in Telefonica S.A. (NYSE:TEF) by 387.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,927 shares of the utilities provider’s stock after purchasing an additional 239,185 shares during the quarter. Jane Street Group LLC’s holdings in Telefonica were worth $3,247,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in TEF. Advisor Group Inc. raised its holdings in Telefonica by 3.1% in the second quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 406 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Telefonica by 31.9% in the second quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 3,252 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Telefonica by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 118 shares in the last quarter. Wedbush Securities Inc. raised its holdings in Telefonica by 1.1% in the second quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 151 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in Telefonica in the second quarter valued at $151,000. Institutional investors and hedge funds own 0.92% of the company’s stock.
TEF has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Telefonica from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, September 6th. Citigroup reaffirmed a “buy” rating on shares of Telefonica in a report on Monday, September 4th. ValuEngine cut shares of Telefonica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Berenberg Bank raised shares of Telefonica from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, Barclays raised shares of Telefonica from an “underweight” rating to an “equal weight” rating in a report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $11.70.
Shares of Telefonica S.A. (TEF) traded down $0.01 during trading hours on Friday, hitting $10.07. 1,454,878 shares of the company’s stock were exchanged, compared to its average volume of 1,154,943. The firm has a market capitalization of $50,781.07, a PE ratio of 5.93 and a beta of 1.29. Telefonica S.A. has a 52 week low of $8.67 and a 52 week high of $11.64. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.79.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.2383 per share. The ex-dividend date is Tuesday, December 12th. This represents a dividend yield of 4.67%. Telefonica’s dividend payout ratio (DPR) is 34.00%.
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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).
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