Sanctuary Advisors LLC Purchases Shares of 10,072 Telefónica, S.A. (NYSE:TEF)

Sanctuary Advisors LLC acquired a new position in Telefónica, S.A. (NYSE:TEF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,072 shares of the utilities provider’s stock, valued at approximately $45,000.

Several other institutional investors have also recently modified their holdings of TEF. Bank of New York Mellon Corp grew its position in Telefónica by 21.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,212 shares of the utilities provider’s stock worth $485,000 after acquiring an additional 20,393 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Telefónica by 295.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 30,200 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 22,572 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of Telefónica by 62.3% in the second quarter. Concurrent Investment Advisors LLC now owns 32,838 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 12,603 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Telefónica by 23.0% in the second quarter. Ritholtz Wealth Management now owns 35,232 shares of the utilities provider’s stock worth $148,000 after buying an additional 6,578 shares during the period. Finally, Natixis Advisors LLC raised its holdings in Telefónica by 81.2% during the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock valued at $2,933,000 after buying an additional 312,113 shares during the last quarter. 1.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Telefónica Price Performance

NYSE:TEF opened at $4.02 on Wednesday. The firm has a 50-day simple moving average of $4.41 and a two-hundred day simple moving average of $4.50. The firm has a market cap of $22.79 billion, a P/E ratio of -15.46 and a beta of 0.66. Telefónica, S.A. has a fifty-two week low of $3.82 and a fifty-two week high of $4.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85.

Telefónica Cuts Dividend

The business also recently declared 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. This represents a dividend yield of 5.2%. The ex-dividend date is Wednesday, December 18th. Telefónica’s payout ratio 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.