Park Avenue Securities LLC Acquires New Holdings in Telefónica, S.A. (NYSE:TEF)

Park Avenue Securities LLC bought a new stake in shares of Telefónica, S.A. (NYSE:TEFGet Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,020 shares of the utilities provider’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC increased its position in Telefónica by 17.3% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 77,297 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 11,419 shares during the period. Comerica Bank increased its position in Telefónica by 4.2% during the 3rd quarter. Comerica Bank now owns 96,633 shares of the utilities provider’s stock valued at $311,000 after purchasing an additional 3,920 shares during the period. Gitterman Wealth Management LLC increased its position in Telefónica by 13.6% during the 3rd quarter. Gitterman Wealth Management LLC now owns 33,567 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 4,006 shares during the period. Veriti Management LLC increased its position in Telefónica by 6.7% during the 3rd quarter. Veriti Management LLC now owns 341,745 shares of the utilities provider’s stock valued at $1,107,000 after purchasing an additional 21,489 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new stake in shares of Telefónica during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 6.13% of the company’s stock.

Telefónica Stock Performance

NYSE TEF opened at $3.89 on Wednesday. The company has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $3.83. Telefónica, S.A. has a 12-month low of $3.10 and a 12-month high of $5.39. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 1.13. The company has a market cap of $22.47 billion, a P/E ratio of 389.39 and a beta of 0.61.

Telefónica (NYSE:TEFGet Rating) last posted its quarterly earnings results on Friday, November 4th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. Telefónica had a net margin of 0.53% and a return on equity of 5.72%. The business had revenue of $10.42 billion during the quarter. Sell-side analysts predict that Telefónica, S.A. will post 0.34 earnings per share for the current fiscal year.

Telefónica Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th were paid a dividend of $0.1553 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This is a boost from Telefónica’s previous semi-annual dividend of $0.10. This represents a yield of 3.1%. Telefónica’s dividend payout ratio (DPR) is 2,302.30%.

Analyst Upgrades and Downgrades

TEF has been the subject of several recent analyst reports. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th. Barclays raised their price objective on shares of Telefónica from €3.90 ($4.24) to €4.10 ($4.46) in a research report on Monday, November 7th. The Goldman Sachs Group raised shares of Telefónica from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 14th. JPMorgan Chase & Co. reduced their price objective on shares of Telefónica from €2.70 ($2.93) to €2.50 ($2.72) and set an “underweight” rating for the company in a research report on Thursday, January 5th. Finally, Credit Suisse Group raised their price objective on shares of Telefónica from €4.10 ($4.46) to €4.20 ($4.57) and gave the stock a “neutral” rating in a research report on Thursday, November 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.00.

Telefónica Profile

(Get Rating)

Telefónica SA engages in the provision of communication, information and entertainment solutions. It operates through the following brands: Telefónica, Movistar, O2, and Vivo. The company was founded on April 19, 1924 and is headquartered in Madrid, Spain.

See Also

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Institutional Ownership by Quarter for Telefónica (NYSE:TEF)

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