Strs Ohio Boosts Stock Holdings in Telefônica Brasil S.A. (NYSE:VIV)

Strs Ohio lifted its stake in shares of Telefônica Brasil S.A. (NYSE:VIV) by 45.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 700,000 shares of the Wireless communications provider’s stock after purchasing an additional 220,000 shares during the period. Strs Ohio’s holdings in Telefônica Brasil were worth $7,658,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Telefônica Brasil by 24.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 302,011 shares of the Wireless communications provider’s stock worth $2,582,000 after purchasing an additional 59,194 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Telefônica Brasil in the 3rd quarter worth approximately $1,499,000. Pacer Advisors Inc. raised its holdings in shares of Telefônica Brasil by 10.6% in the 4th quarter. Pacer Advisors Inc. now owns 119,406 shares of the Wireless communications provider’s stock worth $1,306,000 after purchasing an additional 11,447 shares during the period. Caprock Group LLC raised its holdings in shares of Telefônica Brasil by 84.3% in the 4th quarter. Caprock Group LLC now owns 30,351 shares of the Wireless communications provider’s stock worth $332,000 after purchasing an additional 13,887 shares during the period. Finally, Janiczek Wealth Management LLC raised its holdings in Telefônica Brasil by 19.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 73,464 shares of the Wireless communications provider’s stock valued at $804,000 after acquiring an additional 12,089 shares during the period. Institutional investors own 5.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 20th. Barclays upped their target price on shares of Telefônica Brasil from $13.00 to $13.50 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. TheStreet upgraded shares of Telefônica Brasil from a “c-” rating to a “b” rating in a research report on Thursday, December 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $11.00 target price on shares of Telefônica Brasil in a research report on Friday, January 5th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.73.

Telefônica Brasil Stock Performance

Shares of NYSE:VIV opened at $9.32 on Thursday. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 0.72 and a beta of 0.75. The company has a 50-day moving average price of $10.40 and a 200-day moving average price of $10.21. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20. Telefônica Brasil S.A. has a 12 month low of $7.87 and a 12 month high of $11.43.

Telefônica Brasil (NYSE:VIV) last issued its quarterly earnings data on Tuesday, February 20th. The Wireless communications provider reported $0.20 EPS for the quarter. The firm had revenue of $2.73 billion during the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. As a group, equities analysts anticipate that Telefônica Brasil S.A. will post 0.7 EPS for the current year.

Telefônica Brasil Increases Dividend

The business also recently declared a — dividend, which was paid on Tuesday, April 9th. Investors of record on Wednesday, April 10th were paid a $0.1823 dividend. This is an increase from Telefônica Brasil’s previous — dividend of $0.03. This represents a yield of 4%. The ex-dividend date of this dividend was Tuesday, April 9th. Telefônica Brasil’s dividend payout ratio is presently 41.94%.

About Telefônica Brasil

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.