GAMMA Investing LLC Purchases 2,936 Shares of Telefónica, S.A. (NYSE:TEF)

GAMMA Investing LLC grew its holdings in Telefónica, S.A. (NYSE:TEF) by 18.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,975 shares of the utilities provider’s stock after purchasing an additional 2,936 shares during the quarter. GAMMA Investing LLC’s holdings in Telefónica were worth $76,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nia Impact Advisors LLC bought a new position in Telefónica in the second quarter valued at approximately $3,645,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Telefónica by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,396 shares of the utilities provider’s stock valued at $1,499,000 after purchasing an additional 24,854 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Telefónica by 274.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider’s stock worth $1,539,000 after purchasing an additional 231,919 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Telefónica during the third quarter worth $45,000. Finally, MML Investors Services LLC increased 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 valued at $220,000 after purchasing an additional 3,266 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TEF. StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a report on Wednesday, October 2nd. Finally, HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. One 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’s stock. Based on data from MarketBeat.com, Telefónica has a consensus rating of “Hold”.

Telefónica Price Performance

Shares of TEF opened at $3.95 on Friday. The stock has a 50 day simple moving average of $4.31 and a 200 day simple moving average of $4.49. Telefónica, S.A. has a 52-week low of $3.82 and a 52-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. The firm has a market capitalization of $22.40 billion, a PE ratio of -15.19 and a beta of 0.68.

Telefónica Cuts Dividend

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