Elkfork Partners LLC maintained its stake in Telefonica SA (NYSE:TEF) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,148 shares of the utilities provider’s stock at the end of the first quarter. Elkfork Partners LLC’s holdings in Telefonica SA were worth $404,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Sei Investments Co. raised its stake in Telefonica SA by 31.4% in the third quarter. Sei Investments Co. now owns 10,905 shares of the utilities provider’s stock valued at $110,000 after buying an additional 2,607 shares during the period. Private Advisor Group LLC raised its stake in shares of Telefonica SA by 7.9% in the fourth quarter. Private Advisor Group LLC now owns 11,537 shares of the utilities provider’s stock valued at $111,000 after buying an additional 845 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new position in Telefonica SA during the third quarter valued at approximately $112,000. Raymond James Trust N.A. acquired a new position in Telefonica SA during the first quarter valued at approximately $114,000. Finally, Fox Run Management L.L.C. acquired a new position in Telefonica SA during the first quarter valued at approximately $139,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.
Shares of Telefonica SA (NYSE:TEF) opened at 11.31 on Tuesday. The stock has a market capitalization of $57.25 billion, a PE ratio of 21.96 and a beta of 1.47. The firm’s 50-day moving average is $11.19 and its 200-day moving average is $10.19. Telefonica SA has a one year low of $8.15 and a one year high of $11.64.
The company also recently declared a dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 15th will be given a $0.168 dividend. The ex-dividend date is Tuesday, June 13th. Telefonica SA’s dividend payout ratio is currently 855.56%. TEF has been the topic of several research reports. TheStreet upgraded shares of Telefonica SA from a “c” rating to a “b” rating in a research report on Thursday, May 25th. BNP Paribas began coverage on shares of Telefonica SA in a research report on Wednesday, May 31st. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Telefonica SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Goldman Sachs Group Inc upgraded shares of Telefonica SA from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 17th. Finally, Barclays PLC cut shares of Telefonica SA from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.69.
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