Drum Hill Capital LLC Buys Shares of 497,839 Telefónica, S.A. (NYSE:TEF)

Drum Hill Capital LLC purchased a new position in shares of Telefónica, S.A. (NYSE:TEF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 497,839 shares of the utilities provider’s stock, valued at approximately $2,001,000. Telefónica comprises about 2.5% of Drum Hill Capital LLC’s holdings, making the stock its 13th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Telefónica by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,396 shares of the utilities provider’s stock worth $1,499,000 after acquiring an additional 24,854 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Telefónica by 293.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 26,410 shares during the period. Point72 Asset Management L.P. increased its position in shares of Telefónica by 274.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider’s stock worth $1,539,000 after purchasing an additional 231,919 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Telefónica during the 3rd quarter worth about $45,000. Finally, Merit Financial Group LLC purchased a new stake in Telefónica in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Stock Up 1.3 %

NYSE:TEF opened at $4.32 on Friday. Telefónica, S.A. has a 52 week low of $3.89 and a 52 week high of $4.93. The stock’s fifty day moving average is $4.09 and its two-hundred day moving average is $4.43. 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 announced a semi-annual dividend, which was paid on Friday, January 10th. Investors 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 of this dividend was Wednesday, December 18th. Telefónica’s dividend payout ratio (DPR) is -84.62%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Telefónica presently has a consensus rating of “Hold”.

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.