Brandes Investment Partners LP Increases Position in Telefônica Brasil S.A. (NYSE:VIV)

Brandes Investment Partners LP lifted its position in Telefônica Brasil S.A. (NYSE:VIV - Free Report) by 38.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,917,010 shares of the Wireless communications provider's stock after purchasing an additional 532,794 shares during the quarter. Brandes Investment Partners LP owned 0.12% of Telefônica Brasil worth $20,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of Telefônica Brasil by 11.3% in the 4th quarter. Quadrant Capital Group LLC now owns 36,702 shares of the Wireless communications provider's stock worth $402,000 after purchasing an additional 3,721 shares in the last quarter. Wrapmanager Inc. purchased a new stake in Telefônica Brasil during the 4th quarter valued at about $199,000. Truist Financial Corp boosted its holdings in Telefônica Brasil by 6.6% during the 4th quarter. Truist Financial Corp now owns 75,080 shares of the Wireless communications provider's stock valued at $821,000 after acquiring an additional 4,623 shares during the period. Signaturefd LLC boosted its holdings in Telefônica Brasil by 29.4% during the 4th quarter. Signaturefd LLC now owns 36,873 shares of the Wireless communications provider's stock valued at $403,000 after acquiring an additional 8,379 shares during the period. Finally, DGS Capital Management LLC boosted its holdings in Telefônica Brasil by 6.5% during the 4th quarter. DGS Capital Management LLC now owns 74,336 shares of the Wireless communications provider's stock valued at $813,000 after acquiring an additional 4,518 shares during the period. 5.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VIV has been the subject of several analyst reports. Barclays dropped their target price on Telefônica Brasil from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, May 9th. StockNews.com upgraded Telefônica Brasil from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.35.

Telefônica Brasil Trading Down 1.0 %

VIV traded down $0.09 during midday trading on Tuesday, reaching $8.84. 1,351,978 shares of the company's stock traded hands, compared to its average volume of 883,567. The firm has a fifty day moving average of $9.70 and a two-hundred day moving average of $10.27. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 0.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.01 and a quick ratio of 0.97. Telefônica Brasil S.A. has a 52 week low of $7.87 and a 52 week high of $11.43.

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

Telefônica Brasil Cuts Dividend

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

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.