Silverlake Wealth Management LLC Lowers Holdings in Telefónica, S.A. (NYSE:TEF)

Silverlake Wealth Management LLC lowered its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 25.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,281 shares of the utilities provider’s stock after selling 3,568 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Telefónica were worth $41,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Telefónica during the third quarter valued at approximately $45,000. Abel Hall LLC acquired a new position in shares of Telefónica during the third quarter valued at approximately $53,000. Drive Wealth Management LLC acquired a new position in shares of Telefónica during the fourth quarter valued at approximately $45,000. Merit Financial Group LLC acquired a new position in shares of Telefónica during the fourth quarter valued at approximately $47,000. Finally, Traveka Wealth LLC acquired a new position in shares of Telefónica during the fourth quarter valued at approximately $60,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Price Performance

NYSE:TEF opened at $4.09 on Thursday. Telefónica, S.A. has a one year low of $3.82 and a one year 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 stock has a market cap of $23.16 billion, a PE ratio of -15.71 and a beta of 0.68. The stock has a 50 day moving average price of $4.15 and a 200 day moving average price of $4.45.

Telefónica (NYSE:TEF) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. The firm had revenue of $11.02 billion during the quarter, compared to analysts’ expectations of $11 billion. Telefónica had a positive return on equity of 10.10% and a negative net margin of 2.84%. Equities research analysts expect that Telefónica, S.A. will post 0.3 EPS for the current fiscal year.

Telefónica Cuts Dividend

The firm also recently announced 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 (DPR) is -84.62%.

Analyst Ratings Changes

Separately, StockNews.com raised 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, the stock presently has an average rating of “Hold”.

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.