Robeco Institutional Asset Management B.V. Sells 349,451 Shares of Telefonica Brasil S.A. $VIV

Key Points

• Robeco Institutional Asset Management B.V. decreased its stake in Telefonica Brasil S.A. by 2.2%, selling 349,451 shares, and now owns 15,264,157 shares worth approximately $174 million.
• Numerous other investors have recently adjusted their positions in Telefonica Brasil, with SBI Securities Co. Ltd. increasing its holdings by 39.3% in the first quarter.
• Telefonica Brasil's latest earnings report showed an earnings per share (EPS) of $0.15, slightly missing analysts' expectations, and it has a current consensus price target of $12.70.

Robeco Institutional Asset Management B.V. cut its holdings in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,264,157 shares of the Wireless communications provider's stock after selling 349,451 shares during the period. Robeco Institutional Asset Management B.V. owned 0.92% of Telefonica Brasil worth $174,011,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VIV. SBI Securities Co. Ltd. grew its holdings in shares of Telefonica Brasil by 39.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock worth $33,000 after purchasing an additional 1,067 shares during the last quarter. Bessemer Group Inc. raised its position in Telefonica Brasil by 8.8% in the 1st quarter. Bessemer Group Inc. now owns 28,546 shares of the Wireless communications provider's stock worth $249,000 after purchasing an additional 2,301 shares during the last quarter. BSW Wealth Partners lifted its stake in shares of Telefonica Brasil by 10.5% during the first quarter. BSW Wealth Partners now owns 24,548 shares of the Wireless communications provider's stock valued at $214,000 after acquiring an additional 2,336 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of Telefonica Brasil by 7.7% in the 1st quarter. Kathmere Capital Management LLC now owns 35,852 shares of the Wireless communications provider's stock valued at $313,000 after purchasing an additional 2,576 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Telefonica Brasil by 13.6% in the second quarter. Signaturefd LLC now owns 24,005 shares of the Wireless communications provider's stock valued at $274,000 after acquiring an additional 2,882 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Brasil Trading Down 0.6%

Shares of NYSE:VIV opened at $12.68 on Thursday. The firm has a market cap of $20.62 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 0.88 and a beta of 0.77. Telefonica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $12.92. The company's fifty day simple moving average is $12.22 and its 200 day simple moving average is $12.18. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.20.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VIV shares. The Goldman Sachs Group lifted their price objective on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Scotiabank lifted their price target on shares of Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Telefonica Brasil from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Zacks Research lowered Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Telefonica Brasil in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Telefonica Brasil presently has a consensus rating of "Hold" and a consensus target price of $12.70.

Telefonica Brasil 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.

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