Atomi Financial Group Inc. Cuts Stock Holdings in Telefónica, S.A. (NYSE:TEF)

Atomi Financial Group Inc. cut its position in shares of Telefónica, S.A. (NYSE:TEF) by 29.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,994 shares of the utilities provider’s stock after selling 14,747 shares during the quarter. Atomi Financial Group Inc.’s holdings in Telefónica were worth $141,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its stake 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 acquiring an additional 231,919 shares in the last quarter. FMR LLC raised its holdings in Telefónica by 8.3% in the 3rd quarter. FMR LLC now owns 1,898,978 shares of the utilities provider’s stock worth $9,229,000 after purchasing an additional 146,259 shares during the period. Cerity Partners LLC grew its holdings in Telefónica by 79.0% in the third quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider’s stock valued at $1,568,000 after purchasing an additional 142,451 shares during the period. Horizon Kinetics Asset Management LLC increased its position in shares of Telefónica by 24.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 387,777 shares of the utilities provider’s stock valued at $1,885,000 after buying an additional 76,912 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Telefónica by 78.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 173,860 shares of the utilities provider’s stock worth $845,000 after buying an additional 76,657 shares during the period. Institutional investors and hedge funds own 1.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TEF. HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Hsbc Global Res raised shares of Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Telefónica has a consensus rating of “Hold”.

Telefónica Trading Up 1.9 %

Shares of TEF stock opened at $3.99 on Tuesday. Telefónica, S.A. has a fifty-two week low of $3.82 and a fifty-two week high of $4.93. The firm has a market capitalization of $22.60 billion, a P/E ratio of -15.33 and a beta of 0.68. The stock’s fifty day moving average is $4.21 and its two-hundred day moving average is $4.47. 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 (NYSE:TEF) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $11.02 billion for the quarter, compared to analyst estimates of $11 billion. Telefónica had a negative net margin of 2.84% and a positive return on equity of 10.10%. Research analysts expect that Telefónica, S.A. will post 0.29 earnings per share for the current fiscal year.

Telefónica Cuts Dividend

The business also recently declared 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%.

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.