Campbell & CO Investment Adviser LLC trimmed its position in Telefonica SA (NYSE:TEF) by 28.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,819 shares of the utilities provider’s stock after selling 10,970 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Telefonica were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Telefonica by 0.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after buying an additional 118 shares during the period. Keybank National Association OH lifted its holdings in shares of Telefonica by 0.5% in the 2nd quarter. Keybank National Association OH now owns 25,780 shares of the utilities provider’s stock worth $268,000 after buying an additional 125 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of Telefonica by 1.1% in the 2nd quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock worth $149,000 after buying an additional 151 shares during the period. Advisor Group Inc. lifted its holdings in shares of Telefonica by 3.1% in the 2nd quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after buying an additional 406 shares during the period. Finally, Carret Asset Management LLC lifted its holdings in shares of Telefonica by 2.1% in the 2nd quarter. Carret Asset Management LLC now owns 24,764 shares of the utilities provider’s stock worth $257,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 0.92% of the company’s stock.

Several equities research analysts have weighed in on TEF shares. ValuEngine cut Telefonica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Telefonica from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Monday, October 16th. Citigroup reiterated a “buy” rating on shares of Telefonica in a report on Monday, September 4th. J P Morgan Chase & Co cut Telefonica from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 5th. Finally, BidaskClub cut Telefonica from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $11.70.

Telefonica SA (TEF) traded up $0.01 on Friday, hitting $10.23. The stock had a trading volume of 1,900,778 shares, compared to its average volume of 1,313,055. The company has a market cap of $53,230.00, a price-to-earnings ratio of 6.00 and a beta of 1.30. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79. Telefonica SA has a 52-week low of $8.15 and a 52-week high of $11.64.

The business also recently declared a semiannual dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be given a $0.2383 dividend. This represents a dividend yield of 4.67%. The ex-dividend date of this dividend is Tuesday, December 12th. Telefonica’s payout ratio is 34.69%.

COPYRIGHT VIOLATION WARNING: This story was originally published by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/12/01/campbell-co-investment-adviser-llc-lowers-holdings-in-telefonica-sa-tef.html.

Telefonica 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. 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).

Institutional Ownership by Quarter for Telefonica (NYSE:TEF)

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