Wilmington Savings Fund Society FSB Has $50,000 Stake in Telefónica, S.A. (NYSE:TEF)

Wilmington Savings Fund Society FSB reduced its stake in shares of Telefónica, S.A. (NYSE:TEF) by 49.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,526 shares of the utilities provider’s stock after selling 12,317 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Telefónica were worth $50,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of Telefónica during the 3rd quarter worth about $45,000. Drive Wealth Management LLC acquired a new stake in shares of Telefónica during the fourth quarter worth approximately $45,000. Merit Financial Group LLC bought a new position in shares of Telefónica in the fourth quarter valued at approximately $47,000. Vest Financial LLC acquired a new position in shares of Telefónica in the 4th quarter worth approximately $52,000. Finally, Abel Hall LLC bought a new stake in Telefónica during the 3rd quarter worth approximately $53,000. 1.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Telefónica Trading Up 0.1 %

TEF opened at $4.34 on Friday. Telefónica, S.A. has a 1-year low of $3.83 and a 1-year high of $4.93. The firm has a 50-day moving average price of $4.11 and a two-hundred day moving average price of $4.44. The stock has a market capitalization of $24.58 billion, a PE ratio of -16.67 and a beta of 0.68. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33.

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 issued a dividend of $0.1576 per share. This represents a yield of 5.2%. The ex-dividend date was Wednesday, December 18th. Telefónica’s dividend payout ratio is -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.