Invesco Ltd. Acquires 385,848 Shares of Telefonica Brasil S.A. $VIV

Key Points

• Invesco Ltd. increased its stake in Telefonica Brasil S.A. by 36.4%, now owning 1,445,527 shares worth approximately $12.6 million.
• Analysts have mixed ratings on Telefonica Brasil, with two "Buy," two "Hold," and one "Sell" rating, and a consensus price target of $12.70.
• Telefonica Brasil's recent earnings report showed an EPS of $0.15, missing estimates, and revenues of $2.62 billion, significantly below the expected $14.48 billion.

Invesco Ltd. boosted its holdings in shares of Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 36.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,445,527 shares of the Wireless communications provider's stock after buying an additional 385,848 shares during the quarter. Invesco Ltd. owned approximately 0.09% of Telefonica Brasil worth $12,605,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its position in shares of Telefonica Brasil by 2.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider's stock valued at $136,151,000 after acquiring an additional 420,973 shares during the period. First Trust Advisors LP raised its holdings in Telefonica Brasil by 2.9% in the 4th quarter. First Trust Advisors LP now owns 688,793 shares of the Wireless communications provider's stock worth $5,200,000 after purchasing an additional 19,411 shares during the period. Two Sigma Investments LP lifted its position in Telefonica Brasil by 151.9% during the fourth quarter. Two Sigma Investments LP now owns 686,792 shares of the Wireless communications provider's stock valued at $5,185,000 after purchasing an additional 414,193 shares in the last quarter. Federated Hermes Inc. grew its holdings in Telefonica Brasil by 45.6% during the first quarter. Federated Hermes Inc. now owns 612,915 shares of the Wireless communications provider's stock valued at $5,345,000 after purchasing an additional 191,842 shares during the period. Finally, Millennium Management LLC increased its position in Telefonica Brasil by 283.2% in the fourth quarter. Millennium Management LLC now owns 592,234 shares of the Wireless communications provider's stock worth $4,471,000 after buying an additional 437,678 shares in the last quarter. 5.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VIV. Wall Street Zen downgraded Telefonica Brasil from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. The Goldman Sachs Group upped their price target on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Scotiabank raised their price objective on shares of Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. restated an "underweight" rating on shares of Telefonica Brasil in a research note on Friday, August 8th. Finally, Barclays reaffirmed an "overweight" rating and issued a $13.00 target price (up previously from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.70.

Telefonica Brasil Price Performance

NYSE VIV traded down $0.16 on Friday, reaching $12.46. The company had a trading volume of 503,638 shares, compared to its average volume of 965,507. The stock has a market capitalization of $20.26 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 0.86 and a beta of 0.71. Telefonica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $12.92. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.20. The firm's 50 day moving average price is $11.67 and its 200 day moving average price is $12.98.

Telefonica Brasil (NYSE:VIV - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. As a group, equities analysts predict that Telefonica Brasil S.A. will post 0.6 earnings per share for the current year.

Telefonica Brasil Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 1st. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.0369 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, August 26th. Telefonica Brasil's dividend payout ratio (DPR) is currently 46.77%.

Telefonica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.