MML Investors Services LLC Buys 3,266 Shares of Telefónica, S.A. (NYSE:TEF)

MML Investors Services LLC increased its stake in Telefónica, S.A. (NYSE:TEF) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,289 shares of the utilities provider’s stock after buying an additional 3,266 shares during the period. MML Investors Services LLC’s holdings in Telefónica were worth $220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Decatur Capital Management Inc. bought a new position in Telefónica in the second quarter worth $70,000. Forum Financial Management LP purchased a new stake in shares of Telefónica in the 2nd quarter worth about $75,000. GAMMA Investing LLC increased its stake in shares of Telefónica by 92.3% in the 3rd quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock worth $78,000 after acquiring an additional 7,697 shares in the last quarter. Legacy Financial Advisors Inc. purchased a new position in Telefónica during the 2nd quarter valued at about $85,000. Finally, Financial Counselors Inc. boosted its stake in Telefónica by 83.8% during the third quarter. Financial Counselors Inc. now owns 18,645 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 8,502 shares in the last quarter. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Telefónica Trading Down 0.2 %

Shares of TEF stock opened at $4.03 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market cap of $22.85 billion, a price-to-earnings ratio of -15.50 and a beta of 0.66. Telefónica, S.A. has a 1 year low of $3.82 and a 1 year high of $4.93. The firm has a fifty day moving average price of $4.45 and a 200-day moving average price of $4.51.

Telefónica Cuts Dividend

The company 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 dividend of $0.1576 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, December 18th. Telefónica’s dividend payout ratio is currently -84.62%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Hsbc Global Res raised Telefónica to a “hold” rating in a report on Wednesday, October 2nd. Finally, HSBC upgraded Telefónica from a “reduce” rating to a “hold” rating in a 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

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.