Telefônica Brasil S.A. (NYSE:VIV) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its stake in shares of Telefônica Brasil S.A. (NYSE:VIV) by 29.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 36,873 shares of the Wireless communications provider’s stock after purchasing an additional 8,379 shares during the quarter. Signaturefd LLC’s holdings in Telefônica Brasil were worth $403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VIV. SVB Wealth LLC acquired a new position in shares of Telefônica Brasil in the 3rd quarter valued at about $150,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Telefônica Brasil by 3.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 13,992,613 shares of the Wireless communications provider’s stock valued at $119,637,000 after buying an additional 469,546 shares during the period. Euro Pacific Asset Management LLC boosted its holdings in shares of Telefônica Brasil by 10.0% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 12,257 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 1,113 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Telefônica Brasil in the 3rd quarter valued at about $265,000. Finally, Quantbot Technologies LP bought a new stake in Telefônica Brasil in the 3rd quarter valued at about $263,000. 5.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VIV. Morgan Stanley reiterated an “equal weight” rating and issued a $11.00 price objective on shares of Telefônica Brasil in a research report on Friday, January 5th. StockNews.com upgraded shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 20th. Finally, Barclays cut their price objective on shares of Telefônica Brasil from $13.50 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.60.

Telefônica Brasil Stock Down 1.2 %

VIV stock opened at $9.31 on Friday. Telefônica Brasil S.A. has a 52 week low of $7.87 and a 52 week high of $11.43. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.73 and a beta of 0.75. The firm’s 50-day moving average is $10.22 and its two-hundred day moving average is $10.23. 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 (NYSE:VIV) last released its quarterly earnings results on Tuesday, February 20th. The Wireless communications provider reported $0.20 EPS for the quarter. Telefônica Brasil had a net margin of 9.70% and a return on equity of 7.33%. The company had revenue of $2.73 billion for the quarter. On average, analysts forecast that Telefônica Brasil S.A. will post 0.7 earnings per share for the current fiscal year.

Telefônica Brasil Cuts Dividend

The business also recently declared a — dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, January 1st will be given a dividend of $0.0373 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 4.7%. Telefônica Brasil’s dividend payout ratio (DPR) is 41.94%.

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.