Envestnet Asset Management Inc. Buys 268,807 Shares of Telefónica, S.A. (NYSE:TEF)

Envestnet Asset Management Inc. raised its stake in Telefónica, S.A. (NYSE:TEFGet Rating) by 117.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 498,367 shares of the utilities provider’s stock after acquiring an additional 268,807 shares during the period. Envestnet Asset Management Inc.’s holdings in Telefónica were worth $2,557,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Koss Olinger Consulting LLC grew its position in Telefónica by 3.2% in the second quarter. Koss Olinger Consulting LLC now owns 68,193 shares of the utilities provider’s stock valued at $350,000 after acquiring an additional 2,129 shares during the period. Truist Financial Corp grew its position in Telefónica by 10.2% in the second quarter. Truist Financial Corp now owns 27,047 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 2,508 shares during the period. Wedmont Private Capital grew its position in Telefónica by 4.2% in the second quarter. Wedmont Private Capital now owns 66,949 shares of the utilities provider’s stock valued at $343,000 after acquiring an additional 2,702 shares during the period. Raymond James & Associates boosted its stake in Telefónica by 1.2% in the first quarter. Raymond James & Associates now owns 243,816 shares of the utilities provider’s stock worth $1,170,000 after purchasing an additional 2,876 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Telefónica by 16.5% in the first quarter. Evergreen Capital Management LLC now owns 22,368 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 3,166 shares in the last quarter. 1.36% of the stock is currently owned by institutional investors.

Telefónica Trading Down 1.1 %

Shares of TEF opened at $3.63 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. Telefónica, S.A. has a 12-month low of $3.10 and a 12-month high of $5.39. The firm has a market capitalization of $20.96 billion, a PE ratio of 363.36, a price-to-earnings-growth ratio of 0.70 and a beta of 0.60. The stock’s fifty day simple moving average is $3.48 and its 200-day simple moving average is $4.27.

Telefónica Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, December 29th. Stockholders of record on Wednesday, December 14th will be paid a dividend of $0.1553 per share. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 13th. This is a positive change from Telefónica’s previous semi-annual dividend of $0.10. Telefónica’s dividend payout ratio is 2,002.00%.

Analyst Ratings Changes

A number of equities analysts have commented on TEF shares. JPMorgan Chase & Co. reduced their price objective on Telefónica from €2.90 ($2.99) to €2.70 ($2.78) in a research note on Tuesday, November 8th. Credit Suisse Group reduced their price objective on Telefónica from €4.68 ($4.82) to €4.10 ($4.23) and set a “neutral” rating on the stock in a research note on Thursday, September 29th. Barclays boosted their price objective on Telefónica from €3.90 ($4.02) to €4.10 ($4.23) in a research note on Monday, November 7th. Finally, StockNews.com started coverage on Telefónica in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.08.

Telefónica Company Profile

(Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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Institutional Ownership by Quarter for Telefónica (NYSE:TEF)

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