Checchi Capital Advisers LLC Has $114,000 Holdings in Telefónica, S.A. (NYSE:TEF)

Checchi Capital Advisers LLC increased its stake in shares of Telefónica, S.A. (NYSE:TEF) by 20.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,317 shares of the utilities provider’s stock after buying an additional 4,733 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Telefónica were worth $114,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Telefónica by 8.3% during the third quarter. FMR LLC now owns 1,898,978 shares of the utilities provider’s stock valued at $9,229,000 after acquiring an additional 146,259 shares during the period. Drum Hill Capital LLC bought a new position in Telefónica during the 4th quarter valued at about $2,001,000. Mainstay Capital Management LLC ADV boosted its position in Telefónica by 3.3% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 398,457 shares of the utilities provider’s stock valued at $1,602,000 after buying an additional 12,606 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Telefónica by 0.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider’s stock worth $1,600,000 after buying an additional 3,688 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its stake in Telefónica by 24.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 387,777 shares of the utilities provider’s stock worth $1,885,000 after buying an additional 76,912 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Stock Performance

Telefónica stock opened at $4.45 on Friday. The stock has a 50-day simple moving average of $4.11 and a 200 day simple moving average of $4.43. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of -17.10 and a beta of 0.68. 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 12-month low of $3.89 and a 12-month high of $4.93.

Telefónica Cuts Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded Telefónica from a “buy” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company 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.