Robeco Institutional Asset Management B.V. Sells 4,681,358 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,311,255 shares of the Wireless communications provider's stock after selling 4,681,358 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.56% of Telefônica Brasil worth $101,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BSW Wealth Partners raised its holdings in Telefônica Brasil by 6.3% during the fourth quarter. BSW Wealth Partners now owns 17,889 shares of the Wireless communications provider's stock worth $196,000 after buying an additional 1,062 shares during the last quarter. Euro Pacific Asset Management LLC raised its holdings in shares of Telefônica Brasil by 10.0% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider's stock worth $108,000 after acquiring an additional 1,113 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Telefônica Brasil by 3.2% in the 3rd quarter. Hsbc Holdings PLC now owns 84,929 shares of the Wireless communications provider's stock worth $726,000 after acquiring an additional 2,595 shares during the last quarter. UBS Group AG boosted its stake in Telefônica Brasil by 0.9% during the 3rd quarter. UBS Group AG now owns 348,528 shares of the Wireless communications provider's stock valued at $2,980,000 after purchasing an additional 3,178 shares during the last quarter. Finally, Unison Advisors LLC increased its holdings in Telefônica Brasil by 2.5% during the 4th quarter. Unison Advisors LLC now owns 137,792 shares of the Wireless communications provider's stock worth $1,544,000 after purchasing an additional 3,300 shares in the last quarter. Institutional investors own 5.16% of the company's stock.

Telefônica Brasil Stock Performance

Telefônica Brasil stock traded up $0.01 during mid-day trading on Friday, reaching $9.08. 476,977 shares of the company's stock were exchanged, compared to its average volume of 1,014,212. The firm has a market capitalization of $15.11 billion, a PE ratio of 14.41, a P/E/G ratio of 0.70 and a beta of 0.79. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 0.21. The business's fifty day simple moving average is $9.73 and its 200 day simple moving average is $10.27. Telefônica Brasil S.A. has a one year low of $7.87 and a one year high of $11.43.

Telefônica Brasil (NYSE:VIV - Get Free Report) last released its earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 EPS for the quarter. The company had revenue of $2.73 billion for the quarter. Telefônica Brasil had a return on equity of 7.39% and a net margin of 9.63%. On average, sell-side analysts expect that Telefônica Brasil S.A. will post 0.7 earnings per share for the current year.

Telefônica Brasil Cuts Dividend

The business also recently announced a -- dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, January 1st were paid a $0.0373 dividend. This represents a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, April 30th. Telefônica Brasil's payout ratio is 47.62%.

Wall Street Analysts Forecast Growth

VIV has been the topic of a number of recent research reports. Barclays dropped their target price on Telefônica Brasil from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, May 9th. StockNews.com raised shares of Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Telefônica Brasil has a consensus rating of "Moderate Buy" and an average target price of $11.35.

Telefônica 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.