Corient Private Wealth LLC Sells 7,941 Shares of Telefónica, S.A. (NYSE:TEF)

Corient Private Wealth LLC lowered its position in shares of Telefónica, S.A. (NYSE:TEF) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,270 shares of the utilities provider’s stock after selling 7,941 shares during the quarter. Corient Private Wealth LLC’s holdings in Telefónica were worth $355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of Telefónica in the third quarter valued at approximately $45,000. Abel Hall LLC bought a new position in Telefónica in the 3rd quarter valued at $53,000. Carrera Capital Advisors acquired a new position in Telefónica in the fourth quarter worth $47,000. Callan Family Office LLC bought a new stake in shares of Telefónica during the fourth quarter worth $44,000. Finally, Drive Wealth Management LLC acquired a new stake in shares of Telefónica in the fourth quarter valued at $45,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Telefónica Stock Up 0.3 %

NYSE:TEF opened at $4.64 on Monday. The company has a market cap of $26.28 billion, a price-to-earnings ratio of -17.83 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The stock’s fifty day moving average price is $4.34 and its two-hundred day moving average price is $4.43. Telefónica, S.A. has a 52-week low of $3.89 and a 52-week high of $4.93.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Telefónica currently has a consensus rating of “Hold”.

Telefónica Profile

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