Telefónica, S.A. (NYSE:TEF) Position Lessened by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC decreased its stake in Telefónica, S.A. (NYSE:TEF) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,513 shares of the utilities provider’s stock after selling 3,969 shares during the period. Lake Street Advisors Group LLC’s holdings in Telefónica were worth $90,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Mainstay Capital Management LLC ADV lifted its holdings in shares of Telefónica by 3.3% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 398,457 shares of the utilities provider’s stock worth $1,602,000 after purchasing an additional 12,606 shares during the last quarter. Drum Hill Capital LLC acquired a new stake in Telefónica in the 4th quarter valued at approximately $2,001,000. Sunpointe LLC acquired a new stake in Telefónica in the 4th quarter valued at approximately $53,000. Allspring Global Investments Holdings LLC increased its position in Telefónica by 10.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 44,637 shares of the utilities provider’s stock valued at $181,000 after acquiring an additional 4,247 shares during the period. Finally, Vest Financial LLC acquired a new stake in Telefónica in the 4th quarter valued at approximately $52,000. Institutional investors own 1.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Telefónica from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Telefónica Stock Down 1.2 %

TEF opened at $4.40 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 stock has a market cap of $24.92 billion, a P/E ratio of -16.90 and a beta of 0.68. The stock’s 50 day moving average price is $4.11 and its 200 day moving average price is $4.43.

Telefónica Cuts Dividend

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

Telefónica 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.