Mainstay Capital Management LLC ADV Boosts Stake in Telefónica, S.A. (NYSE:TEF)

Mainstay Capital Management LLC ADV increased its stake in shares of Telefónica, S.A. (NYSE:TEF) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 398,457 shares of the utilities provider’s stock after purchasing an additional 12,606 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Telefónica were worth $1,602,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TEF. Charles Schwab Investment Management Inc. lifted its holdings in Telefónica by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,396 shares of the utilities provider’s stock worth $1,499,000 after buying an additional 24,854 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Telefónica by 293.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider’s stock worth $172,000 after buying an additional 26,410 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Telefónica by 274.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider’s stock worth $1,539,000 after buying an additional 231,919 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Telefónica during the 3rd quarter worth approximately $45,000. Finally, Merit Financial Group LLC acquired a new stake in Telefónica during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Price Performance

Shares of TEF opened at $4.32 on Monday. Telefónica, S.A. has a twelve month low of $3.89 and a twelve month high of $4.93. The firm’s fifty day simple moving average is $4.09 and its 200-day simple moving average is $4.43. The firm has a market capitalization of $24.47 billion, a price-to-earnings ratio of -16.60 and a beta of 0.68. 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 Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.