Captrust Financial Advisors Increases Stock Holdings in Telefónica, S.A. (NYSE:TEF)

Captrust Financial Advisors boosted its position in Telefónica, S.A. (NYSE:TEF) by 17.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,241 shares of the utilities provider’s stock after purchasing an additional 5,191 shares during the period. Captrust Financial Advisors’ holdings in Telefónica were worth $166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aaron Wealth Advisors LLC purchased a new position in Telefónica in the second quarter worth about $45,000. Decatur Capital Management Inc. purchased a new position in Telefónica in the second quarter worth about $70,000. Forum Financial Management LP purchased a new position in Telefónica in the second quarter worth about $75,000. GAMMA Investing LLC lifted its position in shares of Telefónica by 92.3% during the 3rd quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock valued at $78,000 after buying an additional 7,697 shares in the last quarter. Finally, Legacy Financial Advisors Inc. purchased a new position in shares of Telefónica during the 2nd quarter valued at about $85,000. 1.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TEF has been the topic of a number of analyst reports. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Hsbc Global Res raised Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Telefónica Stock Performance

NYSE TEF opened at $4.40 on Tuesday. The company has a market cap of $24.95 billion, a P/E ratio of -16.92 and a beta of 0.66. 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 business’s 50 day moving average price is $4.56 and its 200-day moving average price is $4.54. Telefónica, S.A. has a fifty-two week low of $3.82 and a fifty-two week high of $4.93.

Telefónica Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, January 10th. Stockholders of record on Wednesday, December 18th will be given 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 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.