Moors & Cabot Inc. Has $46,000 Stock Position in Telefónica, S.A. (NYSE:TEF)

Moors & Cabot Inc. decreased its position in Telefónica, S.A. (NYSE:TEF) by 32.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,362 shares of the utilities provider’s stock after selling 5,554 shares during the period. Moors & Cabot Inc.’s holdings in Telefónica were worth $46,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its stake in Telefónica by 24.7% in the 2nd quarter. Checchi Capital Advisers LLC now owns 26,306 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 5,219 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Telefónica by 74.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 68,983 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 29,471 shares during the period. Dimensional Fund Advisors LP boosted its stake in Telefónica by 58.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 887,198 shares of the utilities provider’s stock worth $3,575,000 after purchasing an additional 328,995 shares during the period. BNP Paribas Arbitrage SNC boosted its stake in Telefónica by 26.1% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 14,008 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 2,895 shares during the period. Finally, Ellevest Inc. boosted its stake in Telefónica by 9.0% in the 2nd quarter. Ellevest Inc. now owns 60,692 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 5,028 shares during the period. Institutional investors and hedge funds own 1.17% of the company’s stock.

Analysts Set New Price Targets

TEF has been the subject of a number of research analyst reports. TheStreet raised shares of Telefónica from a “c+” rating to a “b-” rating in a research note on Monday, September 18th. New Street Research downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 7th. BNP Paribas downgraded shares of Telefónica from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 14th. Finally, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.50.

Telefónica Trading Up 1.7 %

Shares of NYSE:TEF opened at $4.11 on Tuesday. Telefónica, S.A. has a 52-week low of $3.38 and a 52-week high of $4.53. The company has a market capitalization of $23.74 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 1.86 and a beta of 0.66. The company has a 50-day simple moving average of $4.02 and a 200 day simple moving average of $4.04. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.95.

Telefónica Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a $0.1592 dividend. This is an increase from Telefónica’s previous semi-annual dividend of $0.12. This represents a yield of 5.9%. The ex-dividend date is Tuesday, December 12th. Telefónica’s dividend payout ratio (DPR) is 82.76%.

About Telefónica

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.