Telefonica Brasil S.A. $VIV Stake Raised by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. raised its stake in Telefonica Brasil by 0.9% in Q4 to 17,145,564 shares (about 1.05% ownership), valued at roughly $203.35 million.
• Telefonica Brasil announced a dividend of $0.4562 per share payable July 21 (record/ex-dividend date May 22), with a payout ratio of 34.29%.
• Shares opened at $17.14 while analysts' consensus is a Hold with an average price target of $13.98, indicating the stock is trading above the consensus target.

Robeco Institutional Asset Management B.V. increased its holdings in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,145,564 shares of the Wireless communications provider's stock after acquiring an additional 145,449 shares during the period. Robeco Institutional Asset Management B.V. owned about 1.05% of Telefonica Brasil worth $203,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in Telefonica Brasil by 337.7% in the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 3,266 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Telefonica Brasil in the 1st quarter worth about $52,000. EverSource Wealth Advisors LLC lifted its stake in Telefonica Brasil by 214.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider's stock worth $54,000 after acquiring an additional 3,248 shares in the last quarter. Westfuller Advisors LLC purchased a new stake in Telefonica Brasil in the 3rd quarter worth about $59,000. Finally, SG Americas Securities LLC acquired a new position in Telefonica Brasil in the 4th quarter worth about $110,000. 5.16% of the stock is owned by hedge funds and other institutional investors.

Telefonica Brasil Stock Performance

Shares of VIV stock opened at $17.14 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 0.94. Telefonica Brasil S.A. has a fifty-two week low of $8.41 and a fifty-two week high of $17.25. The stock's 50-day moving average is $15.77 and its two-hundred day moving average is $13.66. The firm has a market cap of $27.88 billion, a P/E ratio of 24.48, a PEG ratio of 1.07 and a beta of 0.70.

Telefonica Brasil (NYSE:VIV - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.21 EPS for the quarter. The business had revenue of $2.83 billion for the quarter. Telefonica Brasil had a return on equity of 9.15% and a net margin of 10.42%. Analysts predict that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Telefonica Brasil Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.4562 per share. The ex-dividend date of this dividend is Friday, May 22nd. Telefonica Brasil's dividend payout ratio is currently 34.29%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. New Street Research raised Telefonica Brasil from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 7th. Weiss Ratings raised Telefonica Brasil from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 25th. Zacks Research raised Telefonica Brasil from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 9th. Wall Street Zen raised Telefonica Brasil from a "buy" rating to a "strong-buy" rating in a research report on Sunday, January 11th. Finally, Scotiabank upped their target price on Telefonica Brasil from $12.50 to $15.30 and gave the stock a "sector perform" rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $13.98.

Telefonica Brasil Company Profile

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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