Arrowstreet Capital Limited Partnership Acquires 114,266 Shares of Telefônica Brasil S.A. (NYSE:VIV)

Arrowstreet Capital Limited Partnership increased its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,571,650 shares of the Wireless communications provider’s stock after acquiring an additional 114,266 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Telefônica Brasil were worth $19,416,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Quantinno Capital Management LP raised its stake in shares of Telefônica Brasil by 3.5% in the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock worth $343,000 after purchasing an additional 1,136 shares during the last quarter. Summit Global Investments raised its position in Telefônica Brasil by 1.1% in the 4th quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider’s stock valued at $1,041,000 after buying an additional 1,506 shares during the last quarter. GAMMA Investing LLC lifted its stake in Telefônica Brasil by 67.8% during the 4th 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Telefônica Brasil by 10.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,037 shares of the Wireless communications provider’s stock worth $151,000 after acquiring an additional 1,873 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Telefônica Brasil by 86.4% in the 4th quarter. Allworth Financial LP now owns 4,169 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 1,933 shares in the last quarter. Institutional investors own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

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

Telefônica Brasil Trading Up 3.4 %

NYSE:VIV opened at $9.30 on Friday. The firm’s 50 day moving average is $8.80 and its 200 day moving average is $8.83. Telefônica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $10.41. The stock has a market capitalization of $15.36 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Telefônica Brasil (NYSE:VIV) last issued 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 return on equity of 7.77% and a net margin of 9.78%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Sell-side analysts expect that Telefônica Brasil S.A. will post 0.6 earnings per share for the current year.

Telefônica Brasil Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were paid a $0.0215 dividend. This is an increase from Telefônica Brasil’s previous dividend of $0.02. The ex-dividend date was Tuesday, March 25th. Telefônica Brasil’s dividend payout ratio (DPR) is presently 50.82%.

Telefônica Brasil Company 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.