Telefônica Brasil S.A. (NYSE:VIV) Stake Raised by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in shares of Telefônica Brasil S.A. (NYSE:VIV) by 164.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,600 shares of the Wireless communications provider’s stock after acquiring an additional 42,001 shares during the quarter. Quantbot Technologies LP’s holdings in Telefônica Brasil were worth $510,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Stifel Financial Corp grew its position in Telefônica Brasil by 41.1% during the third quarter. Stifel Financial Corp now owns 264,413 shares of the Wireless communications provider’s stock valued at $2,716,000 after purchasing an additional 77,005 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Telefônica Brasil during the 4th quarter valued at $242,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Telefônica Brasil by 7.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 15,192,635 shares of the Wireless communications provider’s stock valued at $114,704,000 after acquiring an additional 1,053,218 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Telefônica Brasil in the third quarter worth $5,135,000. Finally, GAMMA Investing LLC raised its holdings in shares of Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 1,543 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefônica Brasil Stock Up 0.4 %

VIV opened at $8.77 on Friday. The firm has a market cap of $14.50 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 0.96. The business has a 50 day moving average price of $8.73 and a 200 day moving average price of $8.86. Telefônica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $10.41.

Telefônica Brasil (NYSE:VIV) last released its quarterly earnings results on Tuesday, February 25th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.39 billion. Research analysts forecast that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Telefônica Brasil Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.0215 per share. This is a boost from Telefônica Brasil’s previous dividend of $0.02. The ex-dividend date was Tuesday, March 25th. Telefônica Brasil’s dividend payout ratio is 50.82%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com raised Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 7th. New Street Research downgraded Telefônica Brasil from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Barclays upgraded shares of Telefônica Brasil from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $11.80 to $11.50 in a research note on Monday, March 3rd. The Goldman Sachs Group dropped their price target on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Scotiabank cut their price target on shares of Telefônica Brasil from $10.40 to $9.20 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Two 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.97.

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.