Kapitalo Investimentos Ltda Decreases Stock Holdings in Telefonica Brasil S.A. $VIV

Kapitalo Investimentos Ltda lowered its stake in shares of Telefonica Brasil S.A. (NYSE:VIV) by 65.2% during the first quarter, Holdings Channel.com reports. The firm owned 123,667 shares of the Wireless communications provider’s stock after selling 231,399 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Telefonica Brasil were worth $1,968,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VIV. Rhumbline Advisers raised its holdings in Telefonica Brasil by 337.7% in the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 3,266 shares in the last quarter. Arax Advisory Partners grew its position in shares of Telefonica Brasil by 54.4% in the 4th quarter. Arax Advisory Partners now owns 3,773 shares of the Wireless communications provider’s stock worth $45,000 after buying an additional 1,330 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Telefonica Brasil during the 1st quarter worth approximately $52,000. EverSource Wealth Advisors LLC lifted its position in Telefonica Brasil by 214.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock valued at $54,000 after acquiring an additional 3,248 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Telefonica Brasil in the fourth quarter valued at approximately $110,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VIV shares. Zacks Research lowered shares of Telefonica Brasil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen cut Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays set a $15.50 target price on Telefonica Brasil and gave the company an “equal weight” rating in a research report on Thursday. New Street Research upgraded Telefonica Brasil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Finally, Scotiabank lowered their price target on Telefonica Brasil from $15.70 to $15.40 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Telefonica Brasil currently has a consensus rating of “Reduce” and an average price target of $14.16.

Telefonica Brasil Price Performance

Shares of VIV opened at $14.04 on Tuesday. The firm has a market capitalization of $22.83 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 0.74 and a beta of 0.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.03. Telefonica Brasil S.A. has a 1-year low of $10.79 and a 1-year high of $17.25. The company’s fifty day moving average price is $13.44 and its 200-day moving average price is $14.50.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Thursday, May 7th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Telefonica Brasil had a return on equity of 9.32% and a net margin of 10.49%. On average, equities research analysts predict that Telefonica Brasil S.A. will post 0.97 EPS for the current year.

Telefonica Brasil Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Friday, May 22nd will be paid a $0.4562 dividend. The ex-dividend date is Friday, May 22nd. Telefonica Brasil’s dividend payout ratio (DPR) is presently 37.84%.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.