Traveka Wealth LLC Takes Position in Telefónica, S.A. (NYSE:TEF)

Traveka Wealth LLC purchased a new position in Telefónica, S.A. (NYSE:TEF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,928 shares of the utilities provider’s stock, valued at approximately $60,000.

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Telefónica during the 3rd quarter worth $45,000. Abel Hall LLC purchased a new position in shares of Telefónica in the third quarter worth about $53,000. GAMMA Investing LLC boosted its position in Telefónica by 92.3% during the third 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 during the last quarter. Decatur Capital Management Inc. purchased a new stake in Telefónica during the 2nd quarter valued at about $70,000. Finally, Financial Counselors Inc. raised its holdings in Telefónica by 83.8% in the 3rd quarter. Financial Counselors Inc. now owns 18,645 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 8,502 shares during the last quarter. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Telefónica Stock Up 0.3 %

TEF stock opened at $3.95 on Tuesday. The firm has a market cap of $22.40 billion, a PE ratio of -15.19 and a beta of 0.68. Telefónica, S.A. has a one year low of $3.82 and a one year 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’s 50 day moving average price is $4.29 and its 200-day moving average price is $4.48.

Telefónica Cuts Dividend

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

Analyst Ratings Changes

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

Telefónica 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.