Traveka Wealth LLC Invests $60,000 in Telefónica, S.A. (NYSE:TEF)

Traveka Wealth LLC bought a new stake in Telefónica, S.A. (NYSE:TEF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,928 shares of the utilities provider’s stock, valued at approximately $60,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of Telefónica by 18.3% during the fourth quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider’s stock worth $76,000 after buying an additional 2,936 shares during the period. JPMorgan Chase & Co. lifted its stake in Telefónica by 293.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider’s stock worth $172,000 after acquiring an additional 26,410 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Telefónica by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 64,522 shares of the utilities provider’s stock valued at $308,000 after acquiring an additional 2,332 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Telefónica in the 3rd quarter valued at about $121,000. Finally, Sanctuary Advisors LLC purchased a new stake in Telefónica during the third quarter worth about $45,000. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Stock Up 0.3 %

Shares of NYSE:TEF opened at $3.95 on Tuesday. Telefónica, S.A. has a fifty-two week low of $3.82 and a fifty-two week high of $4.93. The firm’s 50 day moving average price is $4.29 and its 200 day moving average price is $4.48. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of -15.19 and a beta of 0.68.

Telefónica Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, January 10th. Stockholders of record on Wednesday, December 18th were issued a $0.1576 dividend. The ex-dividend date was Wednesday, December 18th. This represents a dividend yield of 5.2%. Telefónica’s payout ratio is -84.62%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TEF. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Hsbc Global Res upgraded Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Telefónica Company 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.