Telefónica, S.A. (NYSE:TEF) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 9.1% in the third quarter, Holdings Channel reports. The firm owned 50,124 shares of the utilities provider’s stock after acquiring an additional 4,181 shares during the period. Orion Portfolio Solutions LLC’s holdings in Telefónica were worth $244,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TEF. Decatur Capital Management Inc. acquired a new stake in shares of Telefónica in the second quarter worth $70,000. Forum Financial Management LP acquired a new stake in Telefónica in the 2nd quarter valued at $75,000. GAMMA Investing LLC increased its holdings in Telefónica by 92.3% in the 3rd quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 7,697 shares in the last quarter. Legacy Financial Advisors Inc. purchased a new position in Telefónica in the second quarter valued at about $85,000. Finally, Financial Counselors Inc. lifted its stake in shares of 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 purchasing an additional 8,502 shares in the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Price Performance

Shares of NYSE TEF opened at $4.05 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. Telefónica, S.A. has a fifty-two week low of $3.82 and a fifty-two week high of $4.93. The business has a 50 day moving average price of $4.53 and a two-hundred day moving average price of $4.54. The firm has a market cap of $22.96 billion, a PE ratio of -15.58 and a beta of 0.66.

Telefónica Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TEF. HSBC upgraded Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Hsbc Global Res upgraded shares of Telefónica 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 issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Telefónica Company 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.