Blue Trust Inc. Sells 46,719 Shares of Telefónica, S.A. (NYSE:TEF)

Blue Trust Inc. reduced its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 65.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,826 shares of the utilities provider’s stock after selling 46,719 shares during the quarter. Blue Trust Inc.’s holdings in Telefónica were worth $100,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. FMR LLC grew its stake in shares of Telefónica by 8.3% during the 3rd quarter. FMR LLC now owns 1,898,978 shares of the utilities provider’s stock worth $9,229,000 after acquiring an additional 146,259 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Telefónica by 0.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider’s stock valued at $1,600,000 after purchasing an additional 3,688 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in Telefónica by 24.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 387,777 shares of the utilities provider’s stock valued at $1,885,000 after purchasing an additional 76,912 shares during the last quarter. Cerity Partners LLC lifted its holdings in Telefónica by 79.0% during the 3rd quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider’s stock valued at $1,568,000 after purchasing an additional 142,451 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Telefónica by 274.0% during 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 purchasing an additional 231,919 shares during the last quarter. 1.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Telefónica Stock Up 1.3 %

TEF opened at $4.32 on Friday. Telefónica, S.A. has a fifty-two week low of $3.89 and a fifty-two week high of $4.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The company has a market capitalization of $24.47 billion, a P/E ratio of -16.60 and a beta of 0.68. The stock has a fifty day moving average of $4.09 and a 200-day moving average of $4.43.

Telefónica Cuts Dividend

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