Integrated Wealth Concepts LLC Takes Position in Telefónica, S.A. (NYSE:TEF)

Integrated Wealth Concepts LLC purchased a new stake in Telefónica, S.A. (NYSE:TEFGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,558 shares of the utilities provider’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its holdings in shares of Telefónica by 350.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 7,320 shares of the utilities provider’s stock valued at $35,000 after buying an additional 5,695 shares during the period. Captrust Financial Advisors boosted its stake in Telefónica by 88.3% in the 1st quarter. Captrust Financial Advisors now owns 10,116 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 4,743 shares during the period. Five Oceans Advisors boosted its stake in Telefónica by 37.0% in the 2nd quarter. Five Oceans Advisors now owns 14,641 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 3,951 shares during the period. M&T Bank Corp acquired a new position in Telefónica in the 2nd quarter worth $81,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Telefónica by 776.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,044 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 14,214 shares during the period. Institutional investors and hedge funds own 1.36% of the company’s stock.

Telefónica Trading Down 2.1 %

Shares of NYSE:TEF opened at $3.67 on Wednesday. The company’s 50-day moving average price is $3.48 and its two-hundred day moving average price is $4.28. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.90. Telefónica, S.A. has a one year low of $3.10 and a one year high of $5.39. The stock has a market capitalization of $21.20 billion, a PE ratio of 367.37, a price-to-earnings-growth ratio of 0.70 and a beta of 0.60.

Telefónica Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, December 29th. Stockholders of record on Wednesday, December 14th will be issued a $0.1553 dividend. This represents a dividend yield of 3.1%. This is a boost from Telefónica’s previous semi-annual dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 13th. Telefónica’s dividend payout ratio is presently 2,002.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of Telefónica from €3.90 ($4.02) to €4.10 ($4.23) in a research note on Monday, November 7th. Credit Suisse Group reduced their target price on shares of Telefónica from €4.68 ($4.82) to €4.10 ($4.23) and set a “neutral” rating for the company in a research note on Thursday, September 29th. StockNews.com began coverage on shares of Telefónica in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Telefónica from €2.90 ($2.99) to €2.70 ($2.78) in a research report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.08.

Telefónica Profile

(Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

Read More

Institutional Ownership by Quarter for Telefónica (NYSE:TEF)

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