Trade Report: Today: White Pine Investment CO invests in Telefonica SA (TEF) Shares

Today: White Pine Investment CO invests in Telefonica SA (TEF) Shares

White Pine Investment CO boosted its position in shares of Telefonica SA (NYSE:TEF) by 1.0% during the third quarter, Holdings Channel reports. The firm owned 255,107 shares of the company’s stock after buying an additional 2,453 shares during the period. White Pine Investment CO’s holdings in Telefonica SA were worth $2,571,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TEF. GFS Advisors LLC increased its stake in Telefonica SA by 165.2% in the second quarter. GFS Advisors LLC now owns 585,398 shares of the company’s stock valued at $5,549,000 after buying an additional 364,657 shares in the last quarter. Royal Bank of Canada increased its stake in Telefonica SA by 134.3% in the second quarter. Royal Bank of Canada now owns 368,214 shares of the company’s stock valued at $3,491,000 after buying an additional 211,080 shares in the last quarter. Aperio Group LLC increased its stake in Telefonica SA by 20.0% in the third quarter. Aperio Group LLC now owns 866,367 shares of the company’s stock valued at $8,733,000 after buying an additional 144,207 shares in the last quarter. First New York Securities LLC NY bought a new stake in Telefonica SA during the third quarter valued at approximately $1,300,000. Finally, PVG Asset Management increased its stake in Telefonica SA by 61.8% in the second quarter. PVG Asset Management now owns 224,703 shares of the company’s stock valued at $2,130,000 after buying an additional 85,793 shares in the last quarter. 1.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Telefonica SA (NYSE:TEF) opened at 8.35 on Monday. The firm’s 50-day moving average price is $9.46 and its 200-day moving average price is $9.86. The firm has a market cap of $41.00 billion, a PE ratio of 20.98 and a beta of 1.54. Telefonica SA has a one year low of $8.33 and a one year high of $12.38.

The business also recently announced a dividend, which was paid on Wednesday, November 16th. Shareholders of record on Wednesday, November 16th were paid a $0.387 dividend. The ex-dividend date of this dividend was Tuesday, November 15th. Telefonica SA’s payout ratio is currently 855.56%.

Several analysts have commented on the company. Zacks Investment Research downgraded Telefonica SA from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. Credit Suisse Group AG raised Telefonica SA to a “buy” rating in a research note on Friday, October 28th. Royal Bank Of Canada assumed coverage on Telefonica SA in a research note on Thursday, October 20th. They set an “underperform” rating for the company. Nord/LB set a €12.00 ($12.90) price objective on Telefonica SA and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Barclays PLC set a €10.00 ($10.75) price objective on Telefonica SA and gave the company a “neutral” rating in a research note on Wednesday, August 3rd. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $10.19.

Telefonica SA Company Profile

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.

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