80,500 Shares in Telefonica Brasil S.A. $VIV Bought by Barometer Capital Management Inc.

Barometer Capital Management Inc. bought a new stake in Telefonica Brasil S.A. (NYSE:VIV) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 80,500 shares of the Wireless communications provider’s stock, valued at approximately $1,277,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dorsey Wright & Associates boosted its stake in shares of Telefonica Brasil by 39.6% during the 1st quarter. Dorsey Wright & Associates now owns 179,712 shares of the Wireless communications provider’s stock worth $2,859,000 after buying an additional 51,010 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Telefonica Brasil in the first quarter valued at about $216,000. Sanctuary Advisors LLC raised its holdings in Telefonica Brasil by 17.5% during the first quarter. Sanctuary Advisors LLC now owns 14,321 shares of the Wireless communications provider’s stock worth $228,000 after acquiring an additional 2,136 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Telefonica Brasil by 43.5% during the first quarter. Bleakley Financial Group LLC now owns 39,956 shares of the Wireless communications provider’s stock worth $636,000 after acquiring an additional 12,115 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in Telefonica Brasil by 41.2% during the first quarter. Diversify Wealth Management LLC now owns 150,583 shares of the Wireless communications provider’s stock valued at $2,290,000 after purchasing an additional 43,939 shares during the last quarter. 5.16% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Brasil Stock Performance

Shares of NYSE VIV opened at $14.11 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $22.96 billion, a P/E ratio of 19.07, a P/E/G ratio of 0.74 and a beta of 0.56. Telefonica Brasil S.A. has a 12 month low of $10.79 and a 12 month high of $17.25. The stock has a 50 day moving average of $13.42 and a 200-day moving average of $14.52.

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

Telefonica Brasil Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 21st. Investors of record on Friday, May 22nd were issued a dividend of $0.4562 per share. The ex-dividend date of this dividend was Friday, May 22nd. Telefonica Brasil’s payout ratio is presently 36.49%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen lowered Telefonica Brasil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. New Street Research raised Telefonica Brasil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. The Goldman Sachs Group started coverage on shares of Telefonica Brasil in a research note on Monday, May 18th. They issued a “sell” rating and a $13.90 target price for the company. Bradesco Corretora downgraded shares of Telefonica Brasil to a “neutral” rating in a report on Tuesday, April 28th. Finally, Barclays set a $15.50 price target on shares of Telefonica Brasil and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $14.16.

Telefonica Brasil 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.