Telefonica SA (TEF) Position Cut by SOL Capital Management CO
SOL Capital Management CO cut its stake in shares of Telefonica SA (NYSE:TEF) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,366 shares of the utilities provider’s stock after selling 636 shares during the period. SOL Capital Management CO’s holdings in Telefonica SA were worth $690,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Guggenheim Capital LLC increased its stake in shares of Telefonica SA by 6.3% in the fourth quarter. Guggenheim Capital LLC now owns 119,487 shares of the utilities provider’s stock valued at $1,099,000 after buying an additional 7,118 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Telefonica SA during the first quarter valued at about $139,000. Princeton Alpha Management LP purchased a new stake in shares of Telefonica SA during the first quarter valued at about $249,000. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Telefonica SA during the first quarter valued at about $434,000. Finally, M&T Bank Corp increased its stake in shares of Telefonica SA by 5.0% in the first quarter. M&T Bank Corp now owns 32,261 shares of the utilities provider’s stock valued at $361,000 after buying an additional 1,525 shares during the period. Institutional investors and hedge funds own 0.93% of the company’s stock.
Shares of Telefonica SA (TEF) traded up 0.18% on Tuesday, hitting $10.90. 613,582 shares of the stock traded hands. Telefonica SA has a 52 week low of $8.15 and a 52 week high of $11.64. The stock has a 50 day moving average price of $10.74 and a 200-day moving average price of $10.65. The stock has a market cap of $55.18 billion, a price-to-earnings ratio of 20.49 and a beta of 1.32.
The firm also recently declared a None dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were paid a dividend of $0.168 per share. The ex-dividend date was Tuesday, June 13th. Telefonica SA’s payout ratio is currently 98.08%.
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Several brokerages have issued reports on TEF. Zacks Investment Research downgraded shares of Telefonica SA from a “buy” rating to a “strong sell” rating in a research report on Thursday, July 13th. Goldman Sachs Group, Inc. (The) upgraded shares of Telefonica SA from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 17th. Barclays PLC downgraded shares of Telefonica SA from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 12th. TheStreet upgraded shares of Telefonica SA from a “c” rating to a “b” rating in a research report on Thursday, May 25th. Finally, BidaskClub upgraded shares of Telefonica SA from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.69.
About Telefonica SA
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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