Drum Hill Capital LLC Purchases Shares of 497,839 Telefónica, S.A. (NYSE:TEF)

Drum Hill Capital LLC acquired a new position in shares of Telefónica, S.A. (NYSE:TEF) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 497,839 shares of the utilities provider’s stock, valued at approximately $2,001,000. Telefónica comprises 2.5% of Drum Hill Capital LLC’s portfolio, making the stock its 13th largest position.

A number of other large investors have also modified their holdings of TEF. Charles Schwab Investment Management Inc. grew its stake 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 purchasing an additional 24,854 shares in the last quarter. JPMorgan Chase & Co. raised its position in Telefónica by 293.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 26,410 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Telefónica by 274.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider’s stock valued at $1,539,000 after buying an additional 231,919 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Telefónica during the third quarter worth about $45,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Telefónica during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

Telefónica Trading Up 1.3 %

NYSE:TEF opened at $4.32 on Friday. Telefónica, S.A. has a 12 month low of $3.89 and a 12 month high of $4.93. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. The business’s fifty day moving average price is $4.09 and its 200 day moving average price is $4.43.

Telefónica Cuts Dividend

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

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.