Wilmington Savings Fund Society FSB Purchases New Holdings in Telefónica, S.A. (NYSE:TEF)

Wilmington Savings Fund Society FSB acquired a new position in Telefónica, S.A. (NYSE:TEF) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,843 shares of the utilities provider’s stock, valued at approximately $121,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Telefónica by 2.1% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 135,936 shares of the utilities provider’s stock worth $661,000 after purchasing an additional 2,768 shares in the last quarter. MML Investors Services LLC boosted its holdings in Telefónica by 7.8% in the third quarter. MML Investors Services LLC now owns 45,289 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 3,266 shares in the last quarter. BSW Wealth Partners boosted its holdings in Telefónica by 11.4% in the third quarter. BSW Wealth Partners now owns 32,150 shares of the utilities provider’s stock worth $156,000 after acquiring an additional 3,290 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Telefónica by 9.1% in the third quarter. Orion Portfolio Solutions LLC now owns 50,124 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 4,181 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Telefónica by 12.9% during the third quarter. Concurrent Investment Advisors LLC now owns 37,058 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 4,220 shares in the last quarter. Institutional investors own 1.14% of the company’s stock.

Telefónica Price Performance

Shares of NYSE:TEF opened at $4.05 on Friday. 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 firm has a market cap of $22.96 billion, a price-to-earnings ratio of -15.58 and a beta of 0.66. The business has a 50-day simple moving average of $4.53 and a two-hundred day simple moving average of $4.54. Telefónica, S.A. has a fifty-two week low of $3.82 and a fifty-two week high of $4.93.

Telefónica Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TEF. HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, Hsbc Global Res raised Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.