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

Lake Street Advisors Group LLC cut its position in shares of Telefónica, S.A. (NYSE:TEF) by 15.6% during the 4th quarter, Holdings Channel reports. The firm 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 also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of Telefónica in the 3rd quarter worth $45,000. Abel Hall LLC acquired a new position in shares of Telefónica in the 3rd quarter worth $53,000. Drive Wealth Management LLC acquired a new position in shares of Telefónica in the 4th quarter worth $45,000. Merit Financial Group LLC acquired a new position in shares of Telefónica in the 4th quarter worth $47,000. Finally, Sunpointe LLC acquired a new position in shares of Telefónica in the 4th quarter worth $53,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Telefónica Stock Performance

Shares of Telefónica stock opened at $4.40 on Friday. The stock has a market cap of $24.92 billion, a PE ratio of -16.90 and a beta of 0.68. The business has a fifty day simple moving average of $4.11 and a 200-day simple moving average of $4.43. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. Telefónica, S.A. has a 12 month low of $3.89 and a 12 month high of $4.93.

Telefónica Cuts Dividend

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