Capstone Asset Management Co. lowered its position in Telefonica SA (NYSE:TEF) by 4.6% during the third quarter, Holdings Channel reports. The institutional investor owned 367,373 shares of the company’s stock after selling 17,765 shares during the period. Capstone Asset Management Co.’s holdings in Telefonica SA were worth $3,703,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of Telefonica SA during the second quarter worth about $108,000. Bellecapital International Ltd. acquired a new stake in Telefonica SA during the second quarter worth $119,000. Northwestern Mutual Wealth Management Co. increased its stake in Telefonica SA by 23.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,545 shares of the company’s stock worth $147,000 after buying an additional 2,927 shares during the last quarter. Advisor Group Inc. acquired a new stake in Telefonica SA during the second quarter worth $148,000. Finally, WFG Advisors LP increased its stake in Telefonica SA by 20.1% in the second quarter. WFG Advisors LP now owns 16,378 shares of the company’s stock worth $155,000 after buying an additional 2,741 shares during the last quarter. Institutional investors own 1.29% of the company’s stock.

Institutional Ownership by Quarter for Telefonica SA (NYSE:TEF)

Shares of Telefonica SA (NYSE:TEF) traded up 1.09% during mid-day trading on Tuesday, reaching $8.35. 1,867,975 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $9.42 and a 200-day moving average price of $9.83. Telefonica SA has a one year low of $8.25 and a one year high of $12.38. The stock has a market cap of $41.00 billion, a PE ratio of 20.98 and a beta of 1.54.

The company also recently announced a dividend, which was paid on Wednesday, November 16th. Shareholders of record on Wednesday, November 16th were paid a $0.387 dividend. The ex-dividend date was Tuesday, November 15th. Telefonica SA’s dividend payout ratio is presently 855.56%.

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A number of research firms have recently weighed in on TEF. Barclays PLC set a €10.00 ($10.53) price target on shares of Telefonica SA and gave the company a “neutral” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Telefonica SA from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Wednesday, August 31st. Goldman Sachs Group Inc. set a €9.60 ($10.11) price target on shares of Telefonica SA and gave the company a “neutral” rating in a research report on Friday, October 28th. JPMorgan Chase & Co. set a €11.70 ($12.32) price target on shares of Telefonica SA and gave the company a “buy” rating in a research report on Monday, October 31st. Finally, Deutsche Bank AG set a €8.20 ($8.63) price target on shares of Telefonica SA and gave the company a “sell” rating in a research report on Monday, October 24th. Six analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Telefonica SA has a consensus rating of “Hold” and a consensus price target of $10.19.

Telefonica SA Company Profile

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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.

5 Day Chart for NYSE:TEF

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