B. Metzler seel. Sohn & Co. AG Acquires 104,100 Shares of Telefonica Brasil S.A. $VIV

Key Points

• B. Metzler seel. Sohn & Co. AG increased its Telefonica Brasil stake by 286.3% in the second quarter, acquiring 104,100 additional shares and bringing its holdings to 140,456 shares valued at approximately $1.85 million.
• Several institutional investors also expanded their positions, including Invesco and Millennium Management, while institutional investors and hedge funds collectively own 5.16% of Telefonica Brasil.
• Telefonica Brasil shares opened at $11.66, near their 12-month low, after the company missed quarterly EPS expectations. Analysts maintain a consensus “Reduce” rating with a target price of $14.66, while the company recently paid a $0.4562 dividend.

B. Metzler seel. Sohn & Co. AG grew its holdings in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 286.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,456 shares of the Wireless communications provider's stock after purchasing an additional 104,100 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Telefonica Brasil were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in VIV. Invesco Ltd. boosted its holdings in shares of Telefonica Brasil by 138.8% during the 3rd quarter. Invesco Ltd. now owns 2,856,618 shares of the Wireless communications provider's stock worth $36,422,000 after buying an additional 1,660,475 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Telefonica Brasil in the 2nd quarter valued at about $4,192,000. Millennium Management LLC grew its stake in shares of Telefonica Brasil by 477.6% in the 3rd quarter. Millennium Management LLC now owns 392,232 shares of the Wireless communications provider's stock valued at $5,001,000 after buying an additional 324,319 shares during the period. Two Sigma Investments LP raised its stake in Telefonica Brasil by 22.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,672,947 shares of the Wireless communications provider's stock worth $21,330,000 after buying an additional 307,501 shares during the period. Finally, TrueMark Investments LLC bought a new position in Telefonica Brasil in the first quarter worth approximately $4,255,000. Institutional investors and hedge funds own 5.16% of the company's stock.

Telefonica Brasil Trading Down 1.9%

NYSE VIV opened at $11.66 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $12.61 and a 200 day simple moving average of $14.17. Telefonica Brasil S.A. has a 12 month low of $11.18 and a 12 month high of $17.25. The firm has a market capitalization of $18.97 billion, a P/E ratio of 14.95, a PEG ratio of 0.66 and a beta of 0.55.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). The firm had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $3.04 billion. Telefonica Brasil had a return on equity of 9.72% and a net margin of 10.64%. On average, analysts predict that Telefonica Brasil S.A. will post 0.94 EPS for the current fiscal year.

Telefonica Brasil Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 21st. Shareholders of record on Friday, May 22nd were given a $0.4562 dividend. The ex-dividend date of this dividend was Friday, May 22nd. Telefonica Brasil's dividend payout ratio is presently 53.85%.

Wall Street Analysts Forecast Growth

VIV has been the subject of several recent research reports. Morgan Stanley set a $14.00 price objective on Telefonica Brasil in a report on Thursday, August 20th. Scotiabank cut their target price on Telefonica Brasil from $15.70 to $15.40 and set a "sector perform" rating on the stock in a report on Wednesday, May 27th. Barclays set a $16.00 price target on shares of Telefonica Brasil in a research report on Wednesday, July 29th. The Goldman Sachs Group initiated coverage on shares of Telefonica Brasil in a research note on Monday, May 18th. They set a "sell" rating and a $13.90 price target for the company. Finally, Zacks Research lowered shares of Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Telefonica Brasil presently has an average rating of "Reduce" and a consensus target price of $14.66.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil's largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company's core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source