Callan Capital LLC Trims Position in Telefónica, S.A. (NYSE:TEF)

Callan Capital LLC lowered its position in shares of Telefónica, S.A. (NYSE:TEF) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,754 shares of the utilities provider’s stock after selling 4,914 shares during the period. Callan Capital LLC’s holdings in Telefónica were worth $124,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position 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 valued at $9,229,000 after purchasing an additional 146,259 shares in the last quarter. Drum Hill Capital LLC purchased a new position in Telefónica during the fourth quarter worth about $2,001,000. Crossmark Global Holdings Inc. grew its position in Telefónica by 0.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider’s stock worth $1,600,000 after buying an additional 3,688 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its position in Telefónica by 24.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 387,777 shares of the utilities provider’s stock worth $1,885,000 after buying an additional 76,912 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Telefónica by 79.0% during the third quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider’s stock worth $1,568,000 after buying an additional 142,451 shares in the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Telefónica Stock Up 1.3 %

Shares of NYSE:TEF opened at $4.32 on Monday. Telefónica, S.A. has a 52-week low of $3.89 and a 52-week high of $4.93. The firm has a fifty day moving average of $4.09 and a 200 day moving average of $4.43. The firm has a market capitalization of $24.47 billion, a PE ratio of -16.60 and a beta of 0.68. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85.

Telefónica Cuts Dividend

The company 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. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, December 18th. Telefónica’s payout ratio is currently -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.