First Trust Advisors LP reduced its stake in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 18.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 438,340 shares of the Wireless communications provider's stock after selling 98,471 shares during the quarter. First Trust Advisors LP's holdings in Telefonica Brasil were worth $6,974,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Barometer Capital Management Inc. acquired a new stake in Telefonica Brasil in the first quarter valued at $1,277,000. Dorsey Wright & Associates lifted its position in Telefonica Brasil by 39.6% during the first quarter. Dorsey Wright & Associates now owns 179,712 shares of the Wireless communications provider's stock worth $2,859,000 after acquiring an additional 51,010 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Telefonica Brasil during the 1st quarter worth $216,000. Sanctuary Advisors LLC increased its position in Telefonica Brasil by 17.5% during the first quarter. Sanctuary Advisors LLC now owns 14,321 shares of the Wireless communications provider's stock worth $228,000 after acquiring an additional 2,136 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in Telefonica Brasil by 43.5% in the 1st quarter. Bleakley Financial Group LLC now owns 39,956 shares of the Wireless communications provider's stock worth $636,000 after purchasing an additional 12,115 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company's stock.
Wall Street Analyst Weigh In
VIV has been the topic of a number of analyst reports. Barclays set a $16.00 target price on shares of Telefonica Brasil in a research report on Wednesday. Zacks Research cut Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 13th. Weiss Ratings lowered Telefonica Brasil from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 7th. Scotiabank decreased their price target on Telefonica Brasil from $15.70 to $15.40 and set a "sector perform" rating on the stock in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded Telefonica Brasil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $14.26.
Get Our Latest Report on VIV
Telefonica Brasil Stock Performance
Telefonica Brasil stock opened at $12.91 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.95 and a quick ratio of 0.89. Telefonica Brasil S.A. has a 1 year low of $11.02 and a 1 year high of $17.25. The company has a market capitalization of $21.00 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.71 and a beta of 0.57. The business has a 50 day moving average of $13.34 and a 200-day moving average of $14.59.
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 for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). Telefonica Brasil had a net margin of 10.64% and a return on equity of 9.72%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.04 billion. On average, equities research analysts predict that Telefonica Brasil S.A. will post 0.97 earnings per share for the current year.
Telefonica Brasil Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, July 21st. Investors of record on Friday, May 22nd were given a dividend of $0.4562 per share. The ex-dividend date was Friday, May 22nd. Telefonica Brasil's dividend payout ratio is presently 78.21%.
Telefonica Brasil Company Profile
(
Free Report)
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.
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