QRG Capital Management Inc. Has $1.03 Million Stock Holdings in Telefónica, S.A. (NYSE:TEF)

QRG Capital Management Inc. boosted its position in shares of Telefónica, S.A. (NYSE:TEF) by 25.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 256,943 shares of the utilities provider’s stock after purchasing an additional 52,847 shares during the period. QRG Capital Management Inc.’s holdings in Telefónica were worth $1,033,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TEF. Allspring Global Investments Holdings LLC raised its stake in shares of Telefónica by 33.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 40,390 shares of the utilities provider’s stock worth $196,000 after purchasing an additional 10,190 shares in the last quarter. International Assets Investment Management LLC bought a new position in Telefónica during the third quarter valued at approximately $218,000. BSW Wealth Partners lifted its stake in Telefónica by 11.4% in the third quarter. BSW Wealth Partners now owns 32,150 shares of the utilities provider’s stock valued at $156,000 after acquiring an additional 3,290 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Telefónica by 12.9% in the third quarter. Concurrent Investment Advisors LLC now owns 37,058 shares of the utilities provider’s stock worth $180,000 after acquiring an additional 4,220 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Telefónica by 5.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 394,217 shares of the utilities provider’s stock worth $1,916,000 after purchasing an additional 19,539 shares during the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Price Performance

Shares of TEF stock opened at $4.40 on Tuesday. The company has a market capitalization of $24.95 billion, a price-to-earnings ratio of -16.92 and a beta of 0.68. 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’s 50 day simple moving average is $4.12 and its 200 day simple moving average is $4.43. Telefónica, S.A. has a twelve month low of $3.89 and a twelve month high of $4.93.

Telefónica Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, January 10th. Stockholders of record on Wednesday, December 18th were paid a $0.1576 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, December 18th. Telefónica’s payout ratio is -84.62%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Telefónica from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, Telefónica has an average rating of “Hold”.

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.