Wells Fargo & Company MN increased its holdings in Telefonica S.A. (NYSE:TEF) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,215 shares of the utilities provider’s stock after acquiring an additional 49,766 shares during the quarter. Wells Fargo & Company MN’s holdings in Telefonica were worth $4,599,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in TEF. Russell Investments Group Ltd. purchased a new stake in Telefonica in the second quarter worth $739,000. Sei Investments Co. lifted its stake in Telefonica by 67.5% in the second quarter. Sei Investments Co. now owns 18,250 shares of the utilities provider’s stock worth $189,000 after acquiring an additional 7,352 shares during the period. Bank of New York Mellon Corp lifted its stake in Telefonica by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 180,198 shares of the utilities provider’s stock worth $1,872,000 after acquiring an additional 7,317 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Telefonica by 42.5% in the second quarter. BNP Paribas Arbitrage SA now owns 21,212 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 6,328 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake 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 worth $142,000 after acquiring an additional 118 shares during the period. 0.91% of the stock is owned by institutional investors.
Telefonica S.A. (TEF) opened at $9.95 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $49,420.86, a price-to-earnings ratio of 5.77 and a beta of 1.30. Telefonica S.A. has a 52-week low of $9.37 and a 52-week high of $11.64.
The company also recently disclosed a semiannual dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were given a dividend of $0.2383 per share. This represents a yield of 4.67%. The ex-dividend date was Tuesday, December 12th. Telefonica’s dividend payout ratio is currently 70.00%.
A number of analysts recently commented on TEF shares. Zacks Investment Research lowered Telefonica from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Berenberg Bank raised Telefonica from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Barclays raised Telefonica from an “underweight” rating to an “equal weight” rating in a research note on Friday, October 20th. ValuEngine raised Telefonica from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Finally, Sanford C. Bernstein lowered Telefonica from a “market perform” rating to an “underperform” rating in a research report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.70.
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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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