Kathmere Capital Management LLC Sells 4,853 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Kathmere Capital Management LLC reduced its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,276 shares of the Wireless communications provider’s stock after selling 4,853 shares during the period. Kathmere Capital Management LLC’s holdings in Telefônica Brasil were worth $251,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,543 shares during the period. Blue Trust Inc. lifted its position in shares of Telefônica Brasil by 87.5% during the 3rd quarter. Blue Trust Inc. now owns 6,026 shares of the Wireless communications provider’s stock worth $62,000 after purchasing an additional 2,812 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in Telefônica Brasil during the 3rd quarter valued at approximately $134,000. QRG Capital Management Inc. grew its holdings in Telefônica Brasil by 30.2% in the 3rd quarter. QRG Capital Management Inc. now owns 13,094 shares of the Wireless communications provider’s stock valued at $134,000 after buying an additional 3,039 shares during the last quarter. Finally, First Affirmative Financial Network bought a new position in Telefônica Brasil in the 3rd quarter worth approximately $160,000. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VIV shares. Barclays raised their price objective on shares of Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. The Goldman Sachs Group reduced their target price on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating for the company in a research note on Thursday, December 19th. New Street Research lowered Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, Scotiabank raised their price objective on Telefônica Brasil from $9.20 to $10.40 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.47.

Telefônica Brasil Stock Performance

NYSE:VIV opened at $7.98 on Friday. The firm has a market capitalization of $13.18 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.65 and a beta of 0.78. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Telefônica Brasil S.A. has a 12-month low of $7.47 and a 12-month high of $11.43. The firm has a 50-day moving average price of $8.29 and a 200 day moving average price of $8.96.

Telefônica Brasil (NYSE:VIV) last issued its earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Telefônica Brasil had a return on equity of 7.77% and a net margin of 9.78%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm posted $0.18 EPS. Research analysts anticipate that Telefônica Brasil S.A. will post 0.63 earnings per share for the current fiscal year.

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.