Callan Capital LLC Cuts Stock Holdings in Telefónica, S.A. (NYSE:TEF)

Callan Capital LLC cut its stake in shares of Telefónica, S.A. (NYSE:TEF) by 13.8% in the 4th quarter, HoldingsChannel reports. The fund owned 30,754 shares of the utilities provider’s stock after selling 4,914 shares during the quarter. Callan Capital LLC’s holdings in Telefónica were worth $124,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Drum Hill Capital LLC purchased a new stake in Telefónica during the 4th quarter valued at $2,001,000. Sunpointe LLC purchased a new stake in Telefónica in the 4th quarter worth approximately $53,000. Allspring Global Investments Holdings LLC lifted its holdings 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 worth $181,000 after buying an additional 4,247 shares during the period. Vest Financial LLC purchased a new stake in Telefónica in the fourth quarter worth $52,000. Finally, BayBridge Capital Group LLC lifted its position in shares of Telefónica by 6.8% in the 4th quarter. BayBridge Capital Group LLC now owns 103,550 shares of the utilities provider’s stock worth $416,000 after purchasing an additional 6,559 shares during the period. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Telefónica Trading Up 1.3 %

Telefónica stock opened at $4.32 on Monday. Telefónica, S.A. has a 12 month low of $3.89 and a 12 month high of $4.93. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The business’s fifty day simple moving average is $4.09 and its two-hundred day simple moving average is $4.43. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of -16.60 and a beta of 0.68.

Telefónica Cuts Dividend

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

About Telefónica

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.