Tidal Investments LLC Has $6.28 Million Stock Position in Telefonica Brasil S.A. $VIV

Key Points

• Tidal Investments increased its Telefonica Brasil stake by 54.5% in the second quarter, bringing its holdings to 477,011 shares valued at approximately $6.28 million. Institutional investors and hedge funds collectively own 5.16% of the company.
• Telefonica Brasil reported quarterly revenue of $3.04 billion, in line with estimates, but earnings per share of $0.19 fell short of the $0.23 consensus forecast. Analysts expect full-year EPS of $0.94.
• The stock opened at $11.87, well below its 52-week high of $17.25, while analysts maintain a consensus “Reduce” rating and an average price target of $14.66. The company also paid a $0.4562 dividend, with a payout ratio of 53.85%.

Tidal Investments LLC raised its position in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 54.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,011 shares of the Wireless communications provider's stock after purchasing an additional 168,185 shares during the quarter. Tidal Investments LLC's holdings in Telefonica Brasil were worth $6,277,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Telefonica Brasil by 8.3% during the 4th quarter. Invesco Ltd. now owns 3,094,219 shares of the Wireless communications provider's stock valued at $36,697,000 after buying an additional 237,601 shares during the last quarter. Two Sigma Investments LP increased its holdings in Telefonica Brasil by 22.5% in the third 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 last quarter. Amundi raised its position in Telefonica Brasil by 3.4% during the fourth quarter. Amundi now owns 1,261,713 shares of the Wireless communications provider's stock valued at $14,964,000 after acquiring an additional 40,932 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Telefonica Brasil by 2.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,042,457 shares of the Wireless communications provider's stock valued at $12,364,000 after acquiring an additional 26,356 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Telefonica Brasil by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 561,254 shares of the Wireless communications provider's stock valued at $6,662,000 after acquiring an additional 45,562 shares during the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefonica Brasil Stock Up 0.1%

Telefonica Brasil stock opened at $11.87 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 fifty-two week low of $11.18 and a fifty-two week high of $17.25. The firm has a fifty day moving average price of $12.47 and a two-hundred day moving average price of $14.02. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 0.67 and a beta of 0.55.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). Telefonica Brasil had a return on equity of 9.72% and a net margin of 10.64%.The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. As a group, analysts forecast that Telefonica Brasil S.A. will post 0.94 earnings per share for the current year.

Telefonica Brasil Announces Dividend

The firm also recently declared 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 payout ratio is currently 53.85%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Scotiabank dropped their price target on shares of Telefonica Brasil from $15.70 to $15.40 and set a "sector perform" rating on the stock in a research note on Wednesday, May 27th. The Goldman Sachs Group began coverage on shares of Telefonica Brasil in a research note on Monday, May 18th. They issued a "sell" rating and a $13.90 price objective for the company. Barclays set a $16.00 price objective on shares of Telefonica Brasil in a report on Wednesday, July 29th. Morgan Stanley set a $14.00 target price on shares of Telefonica Brasil in a research report on Thursday, August 20th. Finally, Weiss Ratings lowered Telefonica Brasil from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $14.66.

Telefonica Brasil Profile

Telefonica Brasil SA, operating primarily under the Vivo brand, is a telecommunications company serving consumers, businesses and public-sector customers throughout Brazil. The company is a subsidiary of Spain-based Telefónica SA and is headquartered in São Paulo.

Vivo provides mobile voice and data services, wireless connectivity and related digital products. Its portfolio also includes fixed-line broadband, fiber-optic internet, television and other communications services, as well as information technology, cloud, cybersecurity and connectivity solutions for business customers.

The company traces its origins to the restructuring and privatization of Brazil's telecommunications sector in the late 1990s.

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