Telefónica, S.A. (NYSE:TEF) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in Telefónica, S.A. (NYSE:TEF) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,671 shares of the utilities provider’s stock after selling 6,180 shares during the quarter. HighTower Advisors LLC’s holdings in Telefónica were worth $259,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TEF. Mitchell & Pahl Private Wealth LLC raised its stake in Telefónica by 2.1% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 135,936 shares of the utilities provider’s stock valued at $661,000 after acquiring an additional 2,768 shares during the last quarter. BSW Wealth Partners lifted its holdings in shares of Telefónica by 11.4% during the third quarter. BSW Wealth Partners now owns 32,150 shares of the utilities provider’s stock worth $156,000 after purchasing an additional 3,290 shares during the period. Concurrent Investment Advisors LLC grew its position in Telefónica by 12.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 37,058 shares of the utilities provider’s stock valued at $180,000 after buying an additional 4,220 shares during the last quarter. Gallacher Capital Management LLC increased its stake in Telefónica by 5.2% in the 2nd quarter. Gallacher Capital Management LLC now owns 98,044 shares of the utilities provider’s stock valued at $413,000 after buying an additional 4,886 shares during the period. Finally, American Century Companies Inc. raised its holdings in Telefónica by 0.4% during the second quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock worth $5,300,000 after purchasing an additional 4,949 shares in the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Analysts Set New Price Targets

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

Telefónica Trading Up 0.2 %

NYSE:TEF opened at $4.04 on Wednesday. The company has a market capitalization of $22.91 billion, a PE ratio of -15.54 and a beta of 0.66. Telefónica, S.A. has a 52-week low of $3.82 and a 52-week high of $4.93. The stock has a fifty day simple moving average of $4.50 and a 200-day simple moving average of $4.52. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33.

Telefónica Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, January 10th. Shareholders of record on Wednesday, December 18th will be issued a $0.1576 dividend. This represents a dividend yield of 5.2%. The ex-dividend date is Wednesday, December 18th. Telefónica’s dividend payout ratio (DPR) is presently -84.62%.

About Telefónica

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.