Telefónica, S.A. (NYSE:TEF) Position Boosted by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its position in Telefónica, S.A. (NYSE:TEF) by 7.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 58,218 shares of the utilities provider’s stock after buying an additional 3,902 shares during the period. Aaron Wealth Advisors LLC’s holdings in Telefónica were worth $234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Telefónica in the 3rd quarter worth approximately $45,000. Merit Financial Group LLC acquired a new position in Telefónica in the fourth quarter worth $47,000. Abel Hall LLC bought a new stake in Telefónica during the third quarter valued at $53,000. Traveka Wealth LLC acquired a new stake in shares of Telefónica during the fourth quarter worth $60,000. Finally, Park Avenue Securities LLC lifted its position in shares of Telefónica by 37.2% in the 4th quarter. Park Avenue Securities LLC now owns 15,692 shares of the utilities provider’s stock worth $63,000 after buying an additional 4,252 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Stock Performance

TEF opened at $3.99 on Wednesday. Telefónica, S.A. has a twelve month low of $3.82 and a twelve month high of $4.93. The stock has a market cap of $22.60 billion, a PE ratio of -15.33 and a beta of 0.68. The business’s 50 day moving average is $4.24 and its 200-day moving average is $4.48. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33.

Telefónica (NYSE:TEF) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $11.02 billion during the quarter, compared to analyst estimates of $11 billion. Telefónica had a positive return on equity of 10.10% and a negative net margin of 2.84%. On average, analysts predict that Telefónica, S.A. will post 0.29 earnings per share for the current year.

Telefónica Cuts Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on TEF. StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Hsbc Global Res raised Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.