BayBridge Capital Group LLC Decreases Stock Position in Telefonica SA (NYSE:TEF)

BayBridge Capital Group LLC lowered its holdings in Telefonica SA (NYSE:TEF - Free Report) by 73.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,971 shares of the utilities provider's stock after selling 75,579 shares during the period. BayBridge Capital Group LLC's holdings in Telefonica were worth $130,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TEF. Stifel Financial Corp boosted its stake in Telefonica by 0.5% in the 4th quarter. Stifel Financial Corp now owns 464,198 shares of the utilities provider's stock worth $1,866,000 after buying an additional 2,478 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Telefonica by 71.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock worth $25,000 after acquiring an additional 2,603 shares during the last quarter. Gitterman Wealth Management LLC boosted its position in shares of Telefonica by 8.5% in the fourth quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider's stock worth $166,000 after acquiring an additional 3,246 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in Telefonica by 0.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider's stock valued at $1,573,000 after purchasing an additional 3,500 shares during the period. Finally, Bank of Montreal Can increased its position in Telefonica by 0.6% during the fourth quarter. Bank of Montreal Can now owns 636,498 shares of the utilities provider's stock worth $2,559,000 after purchasing an additional 3,953 shares during the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. DZ Bank lowered shares of Telefonica from a "hold" rating to a "strong sell" rating in a report on Friday, May 16th. Sanford C. Bernstein began coverage on Telefonica in a research report on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Finally, Wall Street Zen raised Telefonica from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Telefonica Stock Up 0.9%

Shares of NYSE:TEF traded up $0.05 during midday trading on Wednesday, hitting $5.22. 408,605 shares of the company's stock traded hands, compared to its average volume of 691,447. The firm's fifty day moving average price is $5.05 and its two-hundred day moving average price is $4.56. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.93 and a current ratio of 0.97. Telefonica SA has a twelve month low of $3.89 and a twelve month high of $5.48. The company has a market cap of $29.57 billion, a PE ratio of -13.72, a P/E/G ratio of 0.79 and a beta of 0.46.

Telefonica (NYSE:TEF - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Telefonica had a positive return on equity of 9.30% and a negative net margin of 4.52%. The company had revenue of $9.70 billion for the quarter, compared to analyst estimates of $10.06 billion. On average, equities research analysts anticipate that Telefonica SA will post 0.3 EPS for the current fiscal year.

Telefonica Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 18th will be given a dividend of $0.1703 per share. The ex-dividend date is Wednesday, June 18th. This is a positive change from Telefonica's previous semi-annual dividend of $0.16. This represents a yield of 4.5%. Telefonica's payout ratio is -57.89%.

Telefonica 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.